Tap Cancer Out Inc

Analysis

Tap Cancer Out Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Tap Cancer Out Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.5m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tap Cancer Out Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Cherry Blossom Inc ($2.5m), Lphsa Inc ($2.5m) and Minot Hockey Boosters Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $330k (13% of expenses). Other salaries and wages came to $51k. At year end it held assets of $784k against liabilities of $467k, net assets of $317k. It reported 4 employees.