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Kentucky · Nonprofit

Clinical Research Foundation

Clinical Research Foundation (Kentucky) receives grants from 2 organizations whose IRS filings report $354,829 to it, the largest being University of Louisville Research Foundation ($300,000). 1 of them have funded it in more than one year.

$499k
Revenue FY2025
2
Funders on record
$355k
Grants received
$446k
Net assets
1/2 repeat funderspeak grant-dependency 26%

Against its field

Clinical Research Foundation runs a healthier operating margin than three-quarters of the 6,881 health nonprofits its size.

Operating margin32% · top quartile
Months of reserve21.6mo · top quartile
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 6,881 health nonprofits $100k–$1M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($264k) Expenses 100 ($445k) Net assets 100 ($443k)2020 Revenue 170 ($449k) Expenses 118 ($523k) Net assets 54 ($239k)2021 Revenue 143 ($377k) Expenses 78 ($348k) Net assets 60 ($267k)2022 Revenue 147 ($388k) Expenses 89 ($395k) Net assets 52 ($232k)2023 Revenue 125 ($331k) Expenses 70 ($309k) Net assets 57 ($254k)2024 Revenue 142 ($375k) Expenses 65 ($288k) Net assets 75 ($330k)2025 Revenue 189 ($499k) Expenses 76 ($337k) Net assets 101 ($446k)
2018202020212022202320242025
Revenue (189)Expenses (76)Net assets (101)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 0% · 2021 9% · 2022 60% · 2023 20% · 2024 30% · 2025 22%. Grants only. Government contracts and fees sit inside program revenue.

32% of Clinical Research Foundation’s revenue is contributions — about as donation-reliant as the typical peer (83% for the typical peer).

This organization
Typical peer · 14,844 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

$181k
18
$74k
20
$28k
21
$7k
22
$21k
23
$87k
24
$162k
25
22
months of
reserve
02Who funds it

Who funds it, year by year

2018 → 2023: the base held at 1 funder, grant income fell $55k → $50k.

Funder
'18
'19
'20
'21
'22
'23
total
funders
1
1
1
1
1
1

From the IRS filings of Clinical Research Foundation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Clinical Research Foundation leans on a few funders — its largest provides 85% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Clinical Research Foundation.

85%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

85% of Clinical Research Foundation's grant income comes from Kentucky funders.

CO
KY

In-state vs out-of-state, by year

18
19
20
21
22
23
Kentucky out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like Clinical Research Foundation

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 17%Fundraising 0%

Governance

9
board members
0%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 1 state

KY

Screen this organization

A dated, signed PDF of the compliance screen for Clinical Research Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Clinical Research Foundation?
Clinical Research Foundation (Kentucky) receives grants from 2 organizations whose IRS filings report $354,829 to it, the largest being University of Louisville Research Foundation ($300,000). 1 of them have funded it in more than one year.
How many funders does Clinical Research Foundation have?
IRS filings report 2 organizations giving $354,829 in grants to Clinical Research Foundation, 1 of which have funded it in more than one year.
Who is the largest funder of Clinical Research Foundation?
University of Louisville Research Foundation is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
How can an organization like Clinical Research Foundation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 2funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing