American Cancer Society Inc

Analysis

American Cancer Society Inc is a registered charity in United States, based in Hato Rey, PR. It received its IRS tax-exemption ruling in November 1942, 84 years ago. 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 Cancer Society Inc reported income of $4.5m and spending of $4.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $4.5m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Cancer Society 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 91st percentile, and in the 88th percentile within PR. Charities of a similar size with the same main cause include St Peters Hospital Foundation Inc ($4.5m), Bertie County Rural Health Association ($4.5m) and New Vista School ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $223k (4.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.4m against liabilities of $532k, net assets of $10.9m. It reported 53 employees.