Jackson Laboratory

Analysis

Jackson Laboratory is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in May 1950, 76 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Jackson Laboratory reported income of $572.8m and spending of $577.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460.1m to $572.8m (+24%), an average of +5.6% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jackson Laboratory 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 100th percentile, and in the 100th percentile within ME. Charities of a similar size with the same main cause include Trustees of Mease Hospital Inc ($572.2m), St Barnabas Hospital ($573.3m) and Innovis Health LLC ($571.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $7.3m (1.3% of expenses). Other salaries and wages came to $236.4m. At year end it held assets of $1.47bn against liabilities of $470.9m, net assets of $996.9m. It reported 3,303 employees.