Lung Cancer Initiative

Analysis

Lung Cancer Initiative is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2014, 12 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 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, Lung Cancer Initiative reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $989k to $1.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lung Cancer Initiative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include American Medical Womens Association Inc ($1.2m), Sanford Health Foundation of Northern Minnesota ($1.2m) and Forrest General Healthcarefoundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $100k (7.7% of expenses). Other salaries and wages came to $323k. At year end it held assets of $1.3m against liabilities of $267k, net assets of $1.1m. It reported 7 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.