CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|CharityWatch's rating is based on our analysis of the Prostate Cancer Foundation consolidated audit of 12/31/2015, which includes the financial activities of Prostate Cancer Foundation (based in the U.S.) and Coalition to Cure Prostate Cancer ("The Coalition") (based in Canada).|
According to the Foundation's 2015 consolidated audit (Note 1, Nature of Organization):
"... The Coalition's mission is to pursue research and clinical studies related to prostate and related cancers and to disseminate research reports and other educational materials related to such cancers.
"The Coalition is an affiliate of the Prostate Cancer Foundation. [...]"
|According to the Prostate Cancer Foundation Consolidated Audit of December 31, 2015 (Note 6, Related Party Transactions):|
"Since the Foundation's inception in 1993 through December 31, 2015, it has received a total of $62,695,673 in contributions from the Milken Family Foundation and affiliated organizations..."
According to the Foundation's 2015 tax filing, Michael Milken is listed as "Founder & Chairman" of the Organization (IRS Form 990 Part VII, Section A).