Cancer Research Foundation

Analysis

Cancer Research Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2017, 9 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 March 2024, Cancer Research Foundation reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.1m to $1.0m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to March 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cancer Research Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Southern Tier Association for the Visually Impaired Incorporated ($1.0m), My Fathers House Inc ($1.0m) and A Place Called Home Youth Services Inc ($1.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $135k (13% of expenses). At year end it held assets of $11.2m against liabilities of $570k, net assets of $10.6m. It reported 1 employees.

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.