Hoosier Cancer Research Network Inc

Analysis

Hoosier Cancer Research Network Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hoosier Cancer Research Network Inc reported income of $14.1m and spending of $12.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.1m to $14.1m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 37%. 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, Hoosier Cancer Research Network Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include My Own Place Inc ($14.1m), Bvm-Phs Senior Housing Inc ($14.1m) and Crouse-Community Center Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $596k (5.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $13.7m against liabilities of $3.9m, net assets of $9.8m. It reported 65 employees.