Coriell Institute for Medical Research Inc

Analysis

Coriell Institute for Medical Research Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Coriell Institute for Medical Research Inc reported income of $23.4m and spending of $22.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.2m to $23.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coriell Institute for Medical Research Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Charlotte Symphony Orchestra Society Inc ($23.4m), Providence Performing Arts Center ($23.4m) and Institute of Contemporary Art ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.7m (7.4% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $29.7m against liabilities of $6.9m, net assets of $22.8m. It reported 126 employees.