The Thompson Cancer Survival Center

Analysis

The Thompson Cancer Survival Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1986, 40 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Thompson Cancer Survival Center reported income of $8.1m and spending of $12.7m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $8.1m (+111%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 612%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Thompson Cancer Survival Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Cokato Charitable Trust ($8.1m), Hoosier Care Inc ($8.1m) and St Michaels School and Nursery Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $423k (3.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $58.4m against liabilities of $1.9m, net assets of $56.6m. It reported 73 employees.