American-Italian Cancer Foundation

Analysis

American-Italian Cancer Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1986, 40 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 June 2023, American-Italian Cancer Foundation reported income of $2.3m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 47%. 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, American-Italian Cancer Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Randolph County Health Department ($2.3m), John Henry Foundation ($2.3m) and Parents Foundation for Transitional Living Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $175k (10.0% of expenses). Other salaries and wages came to $208k. At year end it held assets of $5.9m against liabilities of $162k, net assets of $5.7m.