Texas Oncology Foundation Inc

Analysis

Texas Oncology Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1997, 29 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 (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, Texas Oncology Foundation Inc reported income of $1.3m and spending of $1.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $737k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Oncology Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Learn to Cope Inc ($1.3m), Reflections Counseling Services Group ($1.3m) and Jennie Stuart Health Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $178k (17% of expenses). Other salaries and wages came to $134k. At year end it held assets of $2.7m against liabilities of $98k, net assets of $2.6m. It reported 3 employees.