Fans for the Cure

Analysis

Fans for the Cure is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fans for the Cure reported income of $195k and spending of $296k, spending 152% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $163k to $195k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2019, when income rose by 257%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fans for the Cure sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Orchid Foundation ($194k), Gladys M Friant Trust Uw 04641-007 ($195k) and Isem Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $33k (11% of expenses). At year end it held assets of $33k against liabilities of $303k, net assets of -$270k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.