Rare Cancer Research Foundation

Analysis

Rare Cancer Research Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rare Cancer Research Foundation reported income of $3.5m and spending of $2.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $3.5m (+1007%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 9210%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rare Cancer Research Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Community Works Inc ($3.5m), Greater Dayton Area Health Information Network ($3.5m) and Christian Recovery Center Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $321k (15% of expenses). Other salaries and wages came to $618k. At year end it held assets of $3.0m against liabilities of $942k, net assets of $2.1m. It reported 10 employees.