American College Of Cardiology Foundation
American College Of Cardiology Foundation maintains stable finances with growing assets and no reported officer compensation.
EIN: 135641985 · Washington, DC · NTEE: G43Z · Updated: 2026-03-28
Is American College Of Cardiology Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American College Of Cardiology Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American College Of Cardiology Foundation
American College Of Cardiology Foundation (EIN: 135641985) is a nonprofit organization based in Washington, DC, classified under NTEE code G43Z. The organization reported total revenue of $150.5M and total assets of $295.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American College Of Cardiology Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American College Of Cardiology Foundation is a major nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124.2M |
| Total Expenses | $125.3M |
| Surplus / Deficit | $-1,121,002 |
| Total Assets | $306.6M |
| Total Liabilities | $159.2M |
| Net Assets | $147.4M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 51.9% |
| Months of Reserves | 29.4 months |
Financial Health Grade: C
In 2023, American College Of Cardiology Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 51.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), American College Of Cardiology Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +11.4% | +2.6% |
| 2022 | -11.3% | +12.3% | -1.1% |
| 2021 | +19.8% | -0.6% | +13.5% |
| 2020 | -17.7% | -16.8% | -3.8% |
| 2019 | +6.2% | +2.3% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American College Of Cardiology Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, American College Of Cardiology Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.9%.
Executive Compensation Analysis
The consistent reporting of 'Officer Comp=0%' across all available filings is highly unusual for an organization of this size and revenue ($124,168,198 in 2023), suggesting that executive compensation may be paid by a related entity or not directly reported on these specific lines of the 990, which warrants further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American College Of Cardiology Foundation's IRS 990 filings:
- Consistent 'Officer Comp=0%' for a large organization, potentially obscuring executive compensation details.
Strengths
The following positive indicators were identified for American College Of Cardiology Foundation:
- Strong and growing asset base, reaching $306,574,064 in 2023, indicating financial stability.
- Consistent revenue generation, with annual revenues generally exceeding $100 million.
- Stable operational history over more than a decade, demonstrating resilience.
Frequently Asked Questions about American College Of Cardiology Foundation
Is American College Of Cardiology Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, American College Of Cardiology Foundation (EIN: 135641985) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does American College Of Cardiology Foundation spend its money?
American College Of Cardiology Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American College Of Cardiology Foundation tax-deductible?
American College Of Cardiology Foundation is registered as a tax-exempt nonprofit (EIN: 135641985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is executive compensation handled if 'Officer Comp=0%' is consistently reported?
The consistent reporting of zero officer compensation for an organization with over $100 million in annual revenue suggests that executive salaries might be paid by a related entity, or reported in a different section of the 990, or that the foundation's officers are uncompensated volunteers. This requires a deeper dive into the full 990 forms to understand the true compensation structure.
What are the detailed breakdowns of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. To assess spending efficiency, it would be necessary to review the full IRS Form 990, Part IX, Statement of Functional Expenses.
What is the primary source of the foundation's revenue?
The summary data indicates consistent high revenue, such as $124,168,198 in 2023. However, the specific sources (e.g., contributions, program service revenue, investment income) are not detailed in this summary and would require reviewing the full 990, Part VIII, Statement of Revenue.
Filing History
IRS 990 filing history for American College Of Cardiology Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American College Of Cardiology Foundation's revenue has grown by 64.2%, moving from $75.6M to $124.2M. Total assets increased by 56.5% over the same period, from $195.9M to $306.6M. Total functional expenses rose by 65.6%, from $75.7M to $125.3M. In its most recent filing year (2023), American College Of Cardiology Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $159.2M in liabilities against $306.6M in assets (debt-to-asset ratio: 51.9%), resulting in net assets of $147.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124.2M | $125.3M | $306.6M | $159.2M | — | View 990 |
| 2022 | $106.9M | $112.5M | $298.7M | $165.5M | — | View 990 |
| 2021 | $120.5M | $100.1M | $302.0M | $147.5M | — | View 990 |
| 2020 | $100.5M | $100.7M | $266.1M | $156.6M | — | View 990 |
| 2019 | $122.2M | $121.1M | $276.6M | $167.0M | — | View 990 |
| 2018 | $115.1M | $118.3M | $245.3M | $151.0M | — | View 990 |
| 2017 | $121.5M | $123.6M | $243.2M | $138.6M | — | View 990 |
| 2016 | $113.9M | $116.4M | $231.4M | $134.7M | — | View 990 |
| 2015 | $90.7M | $97.9M | $214.4M | $129.3M | — | View 990 |
| 2014 | $88.6M | $88.4M | $216.9M | $121.6M | — | View 990 |
| 2013 | $99.4M | $85.8M | $219.2M | $115.9M | — | View 990 |
| 2012 | $81.0M | $82.8M | $204.7M | $132.5M | — | View 990 |
| 2011 | $75.6M | $75.7M | $195.9M | $129.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124.2M, expenses of $125.3M, and assets of $306.6M (revenue +16.2% year-over-year).
- 2022: Revenue of $106.9M, expenses of $112.5M, and assets of $298.7M (revenue -11.3% year-over-year).
- 2021: Revenue of $120.5M, expenses of $100.1M, and assets of $302.0M (revenue +19.8% year-over-year).
- 2020: Revenue of $100.5M, expenses of $100.7M, and assets of $266.1M (revenue -17.7% year-over-year).
- 2019: Revenue of $122.2M, expenses of $121.1M, and assets of $276.6M (revenue +6.2% year-over-year).
- 2018: Revenue of $115.1M, expenses of $118.3M, and assets of $245.3M (revenue -5.3% year-over-year).
- 2017: Revenue of $121.5M, expenses of $123.6M, and assets of $243.2M (revenue +6.7% year-over-year).
- 2016: Revenue of $113.9M, expenses of $116.4M, and assets of $231.4M (revenue +25.7% year-over-year).
- 2015: Revenue of $90.7M, expenses of $97.9M, and assets of $214.4M (revenue +2.4% year-over-year).
- 2014: Revenue of $88.6M, expenses of $88.4M, and assets of $216.9M (revenue -10.9% year-over-year).
- 2013: Revenue of $99.4M, expenses of $85.8M, and assets of $219.2M (revenue +22.7% year-over-year).
- 2012: Revenue of $81.0M, expenses of $82.8M, and assets of $204.7M (revenue +7.1% year-over-year).
- 2011: Revenue of $75.6M, expenses of $75.7M, and assets of $195.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American College Of Cardiology Foundation:
Data Sources and Methodology
This transparency report for American College Of Cardiology Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.