West Cancer Foundation

Analysis

West Cancer Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2021, 5 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, West Cancer Foundation reported income of $2.1m and spending of $1.4m, leaving 34% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $2.1m (+70%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Cancer Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Johnson County Emergency and Rescue Squad Inc ($2.1m), USA International Ballet Competition ($2.1m) and W a M Y Community Action Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $108k (7.9% of expenses). Other salaries and wages came to $368k. At year end it held assets of $3.5m against liabilities of $358k, net assets of $3.1m. It reported 8 employees.