Lankenau Institute for Medical Research

Analysis

Lankenau Institute for Medical Research is a registered charity in United States, based in Radnor, PA. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lankenau Institute for Medical Research reported income of $12.2m and spending of $19.2m, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $12.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 170% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lankenau 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 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Maple City Health Care Center Inc ($12.2m), Franciscan Life Center Network Incorporated ($12.2m) and The Arc Fresno Madera Counties ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $2.1m (11% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $17.9m against liabilities of $16.4m, net assets of $1.5m. It reported 119 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.