Commonwealth Foundation for Cancer Research Foundation
800 E Canal St Ste 1900, Richmond, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $25,046,690 | $55,998,011 | $50,852,369 |
| FY2023 | $102,323,363 | $55,264,302 | $81,803,690 |
| FY2022 | $50,354,014 | $47,600,088 | $34,744,629 |
| FY2021 | $16,751,552 | $20,371,781 | $31,990,703 |
| FY2020 | $23,563,500 | $20,160,019 | $35,610,932 |
| FY2019 | $14,003,731 | $24,567,126 | $32,207,451 |
| FY2018 | $28,385,863 | $24,276,122 | $42,770,846 |
| FY2017 | $36,891,429 | $24,542,185 | $38,661,105 |
| FY2016 | $18,206,700 | $20,479,013 | $26,311,861 |
| FY2015 | $15,012,413 | $13,130,794 | $28,584,174 |
| FY2014 | $15,452,544 | $15,297,149 | $26,702,555 |
| FY2013 | $21,081,491 | $14,814,406 | $26,547,160 |
| FY2012 | $12,297,386 | $13,566,348 | $20,280,075 |
| FY2011 | $4,478,570 | $6,430,193 | $21,549,037 |
Form 990 filings
The returns filed by Commonwealth Foundation for Cancer Research Foundation (EIN 04-3632101), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $20,840,729 | 83% |
| Program service revenue | $0 | 0% |
| Other revenue | $4,205,961 | 17% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $55,912,005 | 100% |
| Management & general | $86,006 | <1% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 83% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is the highest share among 157 Medical Research organizations nationwide (too few in VA for a state comparison).
- Net assets covered about 10.9 months of expenses at the end of the reporting year. That puts it in the 34th percentile among 71 Medical Research organizations in VA.
- Total revenue was higher than 97.2% of 72 Medical Research organizations in VA.
- Total revenue rose from $4,478,570 in FY2011 to $25,046,690 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2011, FY2012, FY2016, FY2019, FY2021, FY2024).
- The highest revenue on record here is $102,323,363 in FY2023.
- Net assets grew from $21,549,037 to $50,852,369 between FY2011 and FY2024.
- Contributions and grants made up 64% of revenue in FY2011 and 83% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE FUNDING FOR CANCER RESEARCH
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | H12 — Medical Research |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
Similar organizations
- Conquer Cancer Fdn of the American Society of Clinical Oncology — Alexandria, VA · $41,435,619
- Riverside Research Institute — Fairfax, VA · $286,600,214
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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