Boston Va Research Institute Inc

Analysis

Boston Va Research Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boston Va Research Institute Inc reported income of $17.1m and spending of $14.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $17.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Boston Va Research Institute Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Richmond Eye & Ear Healthcare Alliance ($17.1m), Hatzoloh Incorported ($17.1m) and The Lakes Region Mental Health Center Inc ($17.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $385k (2.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $28.1m against liabilities of $22.9m, net assets of $5.3m. It reported 89 employees.