Counterpulse

Analysis

Counterpulse is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1991, 35 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, Counterpulse reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $948k to $1.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Counterpulse sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include The Divided Sky Foundation Corporation ($1.4m), Entrepreneurs Organization ($1.4m) and Habitat for Humanity International Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $115k (10% of expenses). Other salaries and wages came to $526k. At year end it held assets of $6.6m against liabilities of $577k, net assets of $6.0m. It reported 25 employees.