Huntsman Cancer Foundation

Analysis

Huntsman Cancer Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Huntsman Cancer Foundation reported income of $27.4m and spending of $51.4m, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $57.3m to $27.4m (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 224% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Huntsman Cancer Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Ocean Health Initiatives Inc ($27.3m), Calais Community Hospital ($27.4m) and First to Serve Inc ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $123.8m against liabilities of $27.2m, net assets of $96.6m. It reported 21 employees.

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.