Cedar Rapids Community Cancer Center Foundation

Analysis

Cedar Rapids Community Cancer Center Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cedar Rapids Community Cancer Center Foundation reported income of $1.3m and spending of $2.0m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $1.3m (+164%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 142%. Over the whole period it spent 160% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Rapids Community Cancer Center Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Nami of Dupage County Illinois ($1.3m), Relay Resources Enterprises ($1.3m) and Core Career ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $67k (3.4% of expenses). At year end it held assets of $594k against liabilities of $3.7m, net assets of -$3.1m.

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.