H Lee Moffitt Cancer Center and Research Institute Foundation Inc

Analysis

H Lee Moffitt Cancer Center and Research Institute Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, H Lee Moffitt Cancer Center and Research Institute Foundation Inc reported income of $34.2m and spending of $32.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.1m to $34.2m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, H Lee Moffitt Cancer Center and Research Institute Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Carlos G Otis Health Care Center Inc ($34.2m), Carolina Health Centers Inc ($34.2m) and Amboy Medical Practice PC ($34.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $476k (1.5% of expenses). Other salaries and wages came to $4.1m. It paid $867k in professional fundraising fees. At year end it held assets of $234.7m against liabilities of $13.3m, net assets of $221.4m. It reported 48 employees.