California Heart Center Foundation

Analysis

California Heart Center Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover medical research, 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, California Heart Center Foundation reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, California Heart Center Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Temple Community Clinic ($3.2m), Broadview Inc ($3.2m) and Vna Care Advantage Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $260k (8.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $984k against liabilities of $284k, net assets of $700k.