The Feinstein Institute for Medical Research

Analysis

The Feinstein Institute for Medical Research is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in January 1985, 41 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, The Feinstein Institute for Medical Research reported income of $152.8m and spending of $150.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127.6m to $152.8m (+20%), an average of +4.6% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Feinstein Institute for Medical Research sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Lakeview Medical Center Inc of Rice Lake ($152.6m), Community Care Network Inc ($152.9m) and Beth Israel Deaconess Hospital- Milton Inc ($152.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $2.5m (1.7% of expenses). Other salaries and wages came to $79.3m. At year end it held assets of $222.8m against liabilities of $50.0m, net assets of $172.8m. It reported 723 employees.