Wood Hudson Cancer Research Laboratory Inc

Analysis

Wood Hudson Cancer Research Laboratory Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 December 2023, Wood Hudson Cancer Research Laboratory Inc reported income of $2.3m and spending of $548k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.3m (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood Hudson Cancer Research Laboratory Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include G D L Corporation-Gloria Dei Towers ($2.3m), Childrens Learning Center Inc ($2.3m) and Orcas Island Food Bank ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $295k. At year end it held assets of $57.7m against liabilities of $38k, net assets of $57.7m. It reported 15 employees.