Cure International Inc
84% goes to programs $7 to raise $100 Strong reserves Growing revenue
Cure International Inc is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1996, with $63,231,992 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
70 Ionia Ave Sw Ste 200, Grand Rapids, MI, 49503 EIN 58-2248383 Since 1996
Revenue (FY2024)
$63.2M
▲ 13.3% vs prior year
International median: $227K
Expenses (FY2024)
$45.9M
Net assets
$92.0M
Employees
73
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cure International Inc: 84% to programs · $7 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cure International Inc: 24 mo reserves · +27% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cure International Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cure International Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Cure hospitals provide specialty surgeries & spiritual care to under-served children & regions.
What they do
Refurbish medical equipment and send the equipment to nonprofit organizations around the world. additionally, the organization directed health products from socially responsible corporations to other humanitarian organizations.
Contact & location
- Address
- 70 Ionia Ave Sw Ste 200, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Subcategory
- International Development & Relief
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $23.7M (FY2013) to $63.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.1MNet assets $92.0M
Operating margin
27.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$96.1M
Total liabilities
$4.1M
Net assets
$92.0M
Salaries & benefits
$24.1M
53% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,231,992▲13.3% | $45,918,222▲5.4% | $91,959,390▲18.9% | $96,058,602▲20.8% | 990 |
| 2023 | $55,797,233▲26.7% | $43,566,916▲12.8% | $77,317,888▲15.1% | $79,549,422▲14.9% | 990 |
| 2022 | $44,050,668▲10.3% | $38,629,495▲11.0% | $67,186,873▲7.1% | $69,217,940▲7.4% | 990 |
| 2021 | $39,923,691▲6.5% | $34,801,658▼47.7% | $62,711,504▲6.1% | $64,472,066▲6.2% | 990 |
| 2020 | $37,495,145▼49.8% | $66,539,718▼15.4% | $59,119,362▼31.4% | $60,700,949▼45.4% | 990 |
| 2019 | $74,702,015▲5.3% | $78,692,064▼5.1% | $86,135,856▼3.5% | $111,231,176▼6.6% | 990 |
| 2018 | $70,934,874▲12.1% | $82,924,422▲9.2% | $89,264,379▼11.4% | $119,086,339▼7.5% | 990 |
| 2017 | $63,272,622▲4.4% | $75,946,980▲21.4% | $100,699,802▲16.4% | $128,806,995▲15.1% | 990 |
| 2016 | $60,598,856▲8.8% | $62,536,689▼10.5% | $86,512,195▼15.7% | $111,869,237▼14.7% | 990 |
| 2015 | $55,699,989▲140% | $69,862,166▲186% | $102,655,210▲353% | $131,224,606▲458% | 990 |
| 2014 | $23,232,699▼2.0% | $24,466,153▲24.4% | $22,682,362▼8.2% | $23,526,484▼6.9% | 990 |
| 2013 | $23,698,690 | $19,673,382▲0.8% | $24,698,295▲19.0% | $25,259,608▲18.1% | 990 |
| 2012 | — | $19,513,414▼14.4% | $20,756,678▼4.0% | $21,393,610▼3.4% | 990 |
| 2011 | — | $22,806,934 | $21,613,200 | $22,149,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Justin Narducci — $279,724 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Justin Narducci | President & Ceo | 40 | $279,724 |
| Dr Giorgio Lastroni | Chief Medical Officer | 40 | $184,981 |
| Dr Samuel Maina | Medical Director | 40 | $172,057 |
| Dr Kaiser Raphael | Medical Director, Malawi | 40 | $170,410 |
| Elly Chemey | Director of Programs | 40 | $164,167 |
| Dr Diane Nahimana | Anesthesiologist | 40 | $163,711 |
| Dr Nicholas Lubega | Pediatric Orthopedic Surgeon | 40 | $160,914 |
| Corne Blom | Chief Program Officer | 40 | $158,093 |
| David Helman | Chief Financial Officer | 40 | $151,753 |
| Peter Osborn | Chief Administrative Officer | 40 | $134,922 |
| Dr Vaughn Frigon | Chief Medical Officer (part Year) | 40 | $116,753 |
| Dr John O'dowd | Director | 2 | — |
| Duane Cressman | Director | 2 | — |
| Fred Bw'ombongi | Director | 2 | — |
| Jerry Tubergen | Chairman | 4.5 | — |
| Joseph Stowell | Vice Chairman | 2 | — |
| Judy Bellig | Director | 2 | — |
| Luke Niewenhuis | Director | 2 | — |
| Marcia Mcintyre | Director | 2 | — |
| Mike Houskamp | Secretary | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Chatman Media | Consulting Services | $503,100 |
| Quality Hr Solutions | Hr Services | $122,935 |
| Bird & Loehcl Brittain & Mccanty | Legal Services | $107,860 |
| Capin Crouse LLP | Audit and Tax Services | $100,731 |
Grants received · $64.6M total
142 grants to Cure International Inc totaling $64.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Medical care | 2024 | $6,162,176 |
| Christian Community Foundation Inc | General support | 2024 | $1,077,500 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $409,450 |
| Giveclear Foundation | Program support | 2024 | $100,100 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $60,350 |
| American Endowment Foundation | Health, general | 2024 | $46,250 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $23,196 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $20,000 |
| Paypal Charitable Giving Fund | General support | 2024 | $11,667 |
| American Online Giving Foundation Inc | General support | 2024 | $11,265 |
| Greater Milwaukee Foundation Inc | Sustaining support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Tyndale House Ministries | General program support | 2024 | $7,000 |
| Daffy Charitable Fund | General support of mission | 2024 | $5,100 |
Grants made · $6,110 in FY2021
1 grant totaling $6,110 in FY2021. All grants made by Cure International Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Tomas Robles Md | Provide relief and assistance for ill, needy, and infants | $6,110 |
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Frequently asked questions
- Is Cure International Inc a legitimate nonprofit?
- Yes. Cure International Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2248383, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Cure International Inc's EIN?
- Cure International Inc's Employer Identification Number (EIN) is 58-2248383.
- How much revenue does Cure International Inc report?
- Cure International Inc reported $63,231,992 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Cure International Inc's spending goes to programs?
- Cure International Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cure International Inc have?
- CharityIndex grades Cure International Inc A, based on program efficiency and fundraising cost.
- How much does Cure International Inc's highest-paid employee make?
- The highest reported compensation on Cure International Inc's latest Form 990 is $279,724, paid to Justin Narducci (President & Ceo).
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Data for Cure International Inc (EIN 58-2248383) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.