Ruth Newman Shapiro Cancer Memorial Fund

Analysis

Ruth Newman Shapiro Cancer Memorial Fund is a registered charity in United States, based in Ventnor, NJ. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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, Ruth Newman Shapiro Cancer Memorial Fund reported income of $360k and spending of $241k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $360k (+437%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 4077%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ruth Newman Shapiro Cancer Memorial Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Fairless Hills Volunteer Fire Company ($360k), Kiowa County Housing Authority Inc ($360k) and Chestnut Hill Business Improvement District ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.