Commonwealth Cancer Consortium Inc

Analysis

Commonwealth Cancer Consortium Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 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, Commonwealth Cancer Consortium Inc reported income of $2.4m and spending of $32.2m, spending 1349% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $268k to $2.4m (+792%), an average of +107% a year. The sharpest change came in the year to December 2021, when income rose by 37156%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonwealth Cancer Consortium Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.4m), Lutheran Education Foundation ($2.4m) and Mountain View Los Altos High School Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.5m (4.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $73.2m against liabilities of $1.9m, net assets of $71.3m. It reported 20 employees.