The Leonard and Madlyn Abramson Family Cancer Research Institute

Analysis

The Leonard and Madlyn Abramson Family Cancer Research Institute is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Leonard and Madlyn Abramson Family Cancer Research Institute reported income of $3.7m and spending of $784k, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $663k to $3.7m (+463%), an average of +54% a year. The sharpest change came in the year to June 2020, when income rose by 901%. Over the whole period it spent 24% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Leonard and Madlyn Abramson Family Cancer Research Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Life Sciences Trainers & Educators ($3.7m), Friends of Karen Inc ($3.7m) and Ossian Senior Hospice Incorporated ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $353k. At year end it held assets of $14.5m against liabilities of $2.3m, net assets of $12.2m. It reported 14 employees.