Bone Marrow and Cancer Foundation Inc

Analysis

Bone Marrow and Cancer Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover health care, 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 December 2023, Bone Marrow and Cancer Foundation Inc reported income of $1.6m and spending of $2.1m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bone Marrow and Cancer Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Teddy Bear Cancer Foundation ($1.6m), Hospital Hospitality House of Winston-Salem ($1.6m) and Northern Medical Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $173k (8.3% of expenses). Other salaries and wages came to $298k. It paid $18k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $410k, net assets of $1.6m. It reported 8 employees.