Alliance for Clinical Trials in Oncology Foundation

Analysis

Alliance for Clinical Trials in Oncology Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1994, 32 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, Alliance for Clinical Trials in Oncology Foundation reported income of $41.5m and spending of $40.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $50.8m to $41.5m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alliance for Clinical Trials in Oncology Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Cottage Hospital ($41.5m), Metropolitan Jewish Home Care Inc ($41.6m) and Southern Jersey Family Medical Centers Inc ($41.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $632k (1.6% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $118.1m against liabilities of $75.1m, net assets of $43.0m. It reported 101 employees.