Randy Shaver Cancer Research and Community Fund

Analysis

Randy Shaver Cancer Research and Community Fund is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Randy Shaver Cancer Research and Community Fund reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $1.1m to $1.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to January 2022, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Randy Shaver Cancer Research and Community Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include High Country Early Intervention Inc ($1.3m), St Lawrence County Health Initiative Inc ($1.3m) and Coastal Plains Physician Associates ($1.3m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $22k (1.7% of expenses). At year end it held assets of $315k against liabilities of $22k, net assets of $294k.