Marine Biological Laboratory

Analysis

Marine Biological Laboratory is a registered charity in United States, based in Woods Hole, MA. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Marine Biological Laboratory reported income of $53.6m and spending of $54.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.7m to $53.6m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Biological Laboratory sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Ravinia Festival Association ($53.5m), American Enterprise Institute for Public Policy Research ($53.8m) and American Society of Civil Engineers ($53.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $1.7m (3.1% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $238.7m against liabilities of $35.6m, net assets of $203.2m. It reported 444 employees.