New Hope Chinese Cancer Care Foundation

Analysis

New Hope Chinese Cancer Care Foundation is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, New Hope Chinese Cancer Care Foundation reported income of $428k and spending of $237k, leaving 44% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $584k to $428k (-27%), an average of -9.8% a year. The sharpest change came in the year to March 2021, when income dropped by 37%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Chinese Cancer Care Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Avasara Foundation ($428k), Education Incubator ($428k) and Letting Everyone Achieve Dreams ($428k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $137k (58% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.