Trudeau Institute Inc

Analysis

Trudeau Institute Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in December 1931, 95 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, Trudeau Institute Inc reported income of $7.1m and spending of $10.1m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $7.1m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trudeau Institute Inc 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 Iowa Healthcare Collaborative ($7.1m), Stillwater Hospital Association Inc ($7.1m) and Kids Smiles Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $276k (2.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $21.4m against liabilities of $613k, net assets of $20.8m. It reported 82 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.