Gerald P Murphy Cancer Foundation

Analysis

Gerald P Murphy Cancer Foundation is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Gerald P Murphy Cancer Foundation reported income of $65k and spending of $306k, spending 474% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $65k (-94%), an average of -94% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gerald P Murphy Cancer Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IN. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($65k), Cougar Boosters Inc ($65k) and Spring Hill Garden Club Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $180k. At year end it held assets of $696k against liabilities of $154k, net assets of $542k. It reported 3 employees.