Centre County Cancer Center

Analysis

Centre County Cancer Center is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centre County Cancer Center reported income of $29.6m and spending of $31.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.9m to $29.6m (+10%), an average of +2.4% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centre County Cancer Center 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 97th percentile within PA. Charities of a similar size with the same main cause include The Lutheran Home Inc ($29.5m), Community Stroke and Rehabilitation Center Inc ($29.6m) and Hampton Regional Medical Center ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $5.6m against liabilities of $2.1m, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.