American Friends of Cancer Research Inc

Analysis

American Friends of Cancer Research Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1994, 32 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 December 2023, American Friends of Cancer Research Inc reported income of $4.9m and spending of $3.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $4.9m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of Cancer Research Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include College Preparatory Middle School ($4.9m), The Franklin Academy ($4.9m) and Ethiopia Education Initiatives Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (3.2% of expenses). Other salaries and wages came to $614k. At year end it held assets of $2.2m against liabilities of $82k, net assets of $2.2m. It reported 7 employees.