Morgridge Institute for Researchinc

Analysis

Morgridge Institute for Researchinc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Morgridge Institute for Researchinc reported income of $33.6m and spending of $32.3m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $31.9m to $33.6m (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morgridge Institute for Researchinc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Ur Medicine Home Care Certified Services Inc ($33.5m), Jennings Center for Older Adults ($33.6m) and Chatuge Regional Hospital Inc ($33.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $3.1m (9.6% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $88.4m against liabilities of $56.0m, net assets of $32.4m. It reported 182 employees.