Cancer Network Inc

Analysis

Cancer Network Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2008, 18 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, Cancer Network Inc reported income of $1.7m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $672k to $1.7m (+158%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cancer Network Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within RI. Charities of a similar size with the same main cause include Epilepsy Foundation of Greater Los Angeles ($1.7m), Mana-Sota Lighthouse for the Blind Inc ($1.7m) and National Alliance for Eating Disorders Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $136k (8.7% of expenses). Other salaries and wages came to $750k. At year end it held assets of $1.1m against liabilities of $120k, net assets of $943k. It reported 22 employees.