Chen & Shao Anti-Cancer Foundation Inc

Analysis

Chen & Shao Anti-Cancer Foundation Inc is a registered charity in United States, based in Old Bethpage, NY. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Chen & Shao Anti-Cancer Foundation Inc reported income of $100k and spending of $11k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62 to $100k (+161195%), an average of +534% a year. The sharpest change came in the year to December 2022, when income rose by 937506%. Over the whole period it spent 11% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chen & Shao Anti-Cancer Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Spine Research Foundation ($100k), Holland Cornerstone ($100k) and Above Ground Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $412k against liabilities of $0, net assets of $412k.