University of Kentucky Markey Cancer Foundation Inc

Analysis

University of Kentucky Markey Cancer Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 1978, 48 years ago. 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 June 2023, University of Kentucky Markey Cancer Foundation Inc reported income of $3.1m and spending of $3.7m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.1m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income rose by 737%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Kentucky Markey Cancer Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Greater Delaware Inc ($3.1m), Potomac Soccer Association Inc ($3.1m) and San Francisco Womens Centers ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $434k. At year end it held assets of $21.8m against liabilities of $8.1m, net assets of $13.7m.

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.