Advance the Cure

Analysis

Advance the Cure is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Advance the Cure reported income of $65k and spending of $52k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $65k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advance the Cure sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Hudson Valley Medical Health Choices PC ($65k), Ufcw Local 655 Leukemia and Lymphoma Fund Inc ($65k) and Operation Integrity ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.