Prostate Cancer Foundation

Analysis

Prostate Cancer Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Prostate Cancer Foundation reported income of $57.3m and spending of $55.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.1m to $57.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prostate Cancer Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Blue Grass Community Foundation Inc ($57.2m), Philadelphia Foundation ($57.3m) and Goldman Sachs Charitable Gift Fund ($56.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $3.4m (6.1% of expenses). Other salaries and wages came to $5.4m. It paid $14k in professional fundraising fees. At year end it held assets of $91.8m against liabilities of $43.8m, net assets of $48.0m. It reported 46 employees.