Mary Bird Perkins Cancer Center

Analysis

Mary Bird Perkins Cancer Center is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1969, 57 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Mary Bird Perkins Cancer Center reported income of $169.6m and spending of $172.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.3m to $169.6m (+380%), an average of +48% a year. The sharpest change came in the year to June 2022, when income rose by 164%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Bird Perkins Cancer Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within LA. Charities of a similar size with the same main cause include St Catherine Hospital Inc ($169.4m), Marietta Health Care Physicians Inc ($170.5m) and Methodist Medical Center ($169.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $3.1m (1.8% of expenses). Other salaries and wages came to $32.4m. At year end it held assets of $147.4m against liabilities of $81.7m, net assets of $65.7m. It reported 518 employees.