Solving Kids Cancer Inc

Analysis

Solving Kids Cancer Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Solving Kids Cancer Inc reported income of $641k and spending of $1.2m, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $641k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solving Kids Cancer Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Hernando County Community Anti-Drug Coalition Corp ($641k), Hampton Lakes Emergency Squad Inc ($641k) and Bland County Volunteer Rescue Squad Inc ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $148k (13% of expenses). Other salaries and wages came to $194k. It paid $46k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $146k, net assets of $1.9m. It reported 5 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.