The Stanley Medical Research Institute

Analysis

The Stanley Medical Research Institute is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 2001, 25 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, The Stanley Medical Research Institute reported income of $4.6m and spending of $6.6m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.6m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 168% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Stanley Medical Research Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Crossroads for Women Inc ($4.6m), Touch Together Our Unity Can Heal Inc ($4.6m) and Danville Life Saving and First Aid Crew Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. Compensation of current officers, directors and key employees was $328k (5.0% of expenses). Other salaries and wages came to $567k. At year end it held assets of $85.7m against liabilities of $221k, net assets of $85.5m. 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.