Dana-farber Inc
100% goes to programs Thin reserves Declining revenue
Dana-farber Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1991, with $120,502,092 in FY2023 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
450 Brookline Ave Bp418, Boston, MA, 02215 EIN 04-3102433 Since 1991
Revenue (FY2023)
$120.5M
▲ 136.4% vs prior year
Unknown median: $232K
Expenses (FY2023)
$19.0M
Net assets
$0
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Dana-farber Inc: 100% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +84% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dana-farber Inc: 0 mo reserves · +84% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dana-farber Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dana-farber Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The purpose and activities of dana-farber, inc. are to promote and support the exempt missions of dana-farber cancer institute and to provide investment management services.
Contact & location
- Address
- 450 Brookline Ave Bp418, Boston, MA, 02215
- City
- Boston
- State
- Massachusetts
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.7M (FY2013) to $120.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.1BNet assets $0
Operating margin
84.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.1B
Total liabilities
$3.1B
Net assets
$0
Salaries & benefits
$0
0% of expenses
Board members
4
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $120,502,092▲136% | $19,000,749▲51.7% | $0 | $3,128,274,514▲17.4% | 990 |
| 2022 | $50,971,716▼53.6% | $12,527,482▼35.5% | $0 | $2,664,187,088▲18.5% | 990 |
| 2021 | $109,775,024▼44.5% | $19,432,653▼47.8% | $0 | $2,249,079,462▼7.4% | 990 |
| 2020 | $197,856,829▲380% | $37,248,263▲263% | $0 | $2,427,985,539▲39.5% | 990 |
| 2019 | $41,223,188▼48.9% | $10,250,471▼10.9% | $0 | $1,740,971,675▲21.5% | 990 |
| 2018 | $80,593,901▲24.7% | $11,510,895▲16.1% | $0 | $1,433,066,609▲7.5% | 990 |
| 2017 | $64,635,576▲31.3% | $9,911,455▲61.6% | $0 | $1,333,082,616▲12.3% | 990 |
| 2016 | $49,225,934▲95.5% | $6,134,005▲31.2% | $0 | $1,186,616,680▲13.1% | 990 |
| 2015 | $25,181,104▼47.4% | $4,675,222▲22.0% | $0 | $1,048,902,344▲8.9% | 990 |
| 2014 | $47,883,024▲34.1% | $3,831,983▼32.3% | $0 | $963,288,515▼1.3% | 990 |
| 2013 | $35,705,482 | $5,659,041▲22.8% | $0 | $976,053,795▲26.7% | 990 |
| 2012 | — | $4,607,046▲76.8% | $0 | $770,162,737▲19.1% | 990 |
| 2011 | — | $2,605,370▼10.6% | $0 | $646,521,962▲13.1% | 990 |
| 2010 | — | $2,915,190▲118% | $0 | $571,842,417▲4.7% | 990 |
| 2009 | — | $1,337,366 | $0 | $545,985,276 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher J Hadley | Trustee | 1 | — |
| Hillary Mankin-kufe Esq | Assistant Secretary | 1 | — |
| John J O'connor | Trustee, Treasurer, Vice Chairman (end 12/29/23) | 2 | — |
| Joshua Bekenstein | Trustee & Chairman | 2 | — |
| Laurie H Glimcher Md | Trustee & President | 2 | — |
| Lori Whelan | Trustee, Treasurer, Vice Chairman (as of 1/29/24) | 2 | — |
| Michael L Reney | Assistant Treasurer | 1 | — |
| Monica Chandra | Secretary | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Abrams Capital Partners | Investment Advisory | $1,967,305 |
| Atlas Capital Resources | Investment Advisory | $1,772,161 |
| Cambridge Associates | Consulting Fees | $1,173,750 |
| Charlesbank | Investment Advisory | $1,130,163 |
| Andreessen Horowitz | Investment Advisory | $1,057,118 |
Grants received · $153K total
6 grants to Dana-farber Inc totaling $153K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Scripps Research Institute | Grants for scientific research | 2020 | $41,772 |
| United Way Worldwide | General charitable operations | 2020 | $15,033 |
| United Way Worldwide | General charitable operation | 2019 | $20,345 |
| Network For Good Inc | Unrestricted | 2018 | $45,278 |
| United Way Worldwide | General charitable contributions | 2018 | $16,098 |
| Network For Good Inc | Unrestricted | 2017 | $14,816 |
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Frequently asked questions
- Is Dana-farber Inc a legitimate nonprofit?
- Yes. Dana-farber Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3102433, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Dana-farber Inc's EIN?
- Dana-farber Inc's Employer Identification Number (EIN) is 04-3102433.
- How much revenue does Dana-farber Inc report?
- Dana-farber Inc reported $120,502,092 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Dana-farber Inc's spending goes to programs?
- Dana-farber Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Dana-farber Inc have?
- CharityIndex grades Dana-farber Inc B, based on program efficiency and fundraising cost.
- How much does Dana-farber Inc's highest-paid employee make?
- The highest reported compensation on Dana-farber Inc's latest Form 990 is $0, paid to Christopher J Hadley (Trustee).
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Data for Dana-farber Inc (EIN 04-3102433) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.