Chemotherapy Foundation Inc

Analysis

Chemotherapy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1969, 57 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 December 2023, Chemotherapy Foundation Inc reported income of $80k and spending of $375k, spending 471% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $80k (-76%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 221% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chemotherapy Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include PTA Texas Congress ($80k), Howell Soccer Club Inc ($80k) and Allen Elementary School Parents Teachers Club Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 294% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $120k (32% of expenses). At year end it held assets of $317k against liabilities of $36k, net assets of $281k. 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.