Association of Black Cardiologists

Analysis

Association of Black Cardiologists is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Association of Black Cardiologists reported income of $5.1m and spending of $4.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $5.1m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Association of Black Cardiologists sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Blue Ridge Healthcare Systems Inc ($5.1m), Cure Starts Now Inc ($5.1m) and Bethany Home of Rhode Island ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $639k (13% of expenses). Other salaries and wages came to $353k. It paid $159k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $1.8m, net assets of $3.4m. It reported 13 employees.