Race Cancer Foundation Inc

Analysis

Race Cancer Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 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, Race Cancer Foundation Inc reported income of $294k and spending of $286k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $294k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Race Cancer Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Southwest Alabama Foundation for Mental Health Mental Retardation ($294k), American Sickle Cell Anemia Assoc ($294k) and Epic Foundation Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $20k. At year end it held assets of $33k against liabilities of $22k, net assets of $10k. It reported 9 employees.