Vascular Cures

Analysis

Vascular Cures is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vascular Cures reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 317%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vascular Cures sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Up with Trees Inc ($1.6m), Allen Action Agency Inc ($1.6m) and C N C Management Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $234k (13% of expenses). Other salaries and wages came to $522k. At year end it held assets of $3.6m against liabilities of $321k, net assets of $3.3m. It reported 10 employees.