Masonic Medical Research Laboratory

Analysis

Masonic Medical Research Laboratory is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in September 1949, 77 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, Masonic Medical Research Laboratory reported income of $8.1m and spending of $10.4m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $8.1m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Masonic Medical Research Laboratory sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Aligned Providers of East Texas ($8.1m), Foundation for Research ($8.1m) and Glenburn Home ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $816k (7.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $43.9m against liabilities of $7.1m, net assets of $36.8m. It reported 93 employees.