Commonwealth Foundation for Cancer Research Foundation

Analysis

Commonwealth Foundation for Cancer Research Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonwealth Foundation for Cancer Research Foundation reported income of $102.3m and spending of $55.3m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $102.3m (+631%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonwealth Foundation for Cancer Research Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Hutchinson Health ($102.3m), Southeast Florida Behavioral Health Network Inc ($102.6m) and Miami Cancer Institute at Baptist Health Inc ($102.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $40k (0.1% of expenses). At year end it held assets of $81.9m against liabilities of $96k, net assets of $81.8m.