Lown Institute Inc

Analysis

Lown Institute Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in January 1996, 30 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 August 2023, Lown Institute Inc reported income of $567k and spending of $2.2m, spending 381% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.7m to $567k (-92%), an average of -46% a year. The sharpest change came in the year to August 2020, when income dropped by 93%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lown Institute Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Positive Energy Affecting Recovering Lives Inc ($567k), A Cure for Robert Inc ($568k) and Mental Health America of Greater Dallas ($567k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $346k (16% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.5m against liabilities of $996k, net assets of $4.5m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.