Connecticut Cancer Foundation Inc

Analysis

Connecticut Cancer Foundation Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 June 2024, Connecticut Cancer Foundation Inc reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Cancer Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Mt Tremper Outdoor Ministries Inc ($2.0m), Concorse Gardens Housing Development Fund Company Inc ($2.0m) and South Carolina United Methodist Camps and Retreat Ministries ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $150k (11% of expenses). Other salaries and wages came to $78k. At year end it held assets of $11.8m against liabilities of $755k, net assets of $11.1m. It reported 2 employees.