Magee-Womens Research Institute and Foundation

Analysis

Magee-Womens Research Institute and Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover health care, 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 June 2023, Magee-Womens Research Institute and Foundation reported income of $68.7m and spending of $71.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.4m to $68.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magee-Womens Research Institute and Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Parkview Wabash Hospital Inc ($68.7m), Valley Home Care Inc ($68.8m) and Northern Maine Medical Center ($68.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $904k (1.3% of expenses). Other salaries and wages came to $15.0m. It paid $270k in professional fundraising fees. At year end it held assets of $103.8m against liabilities of $37.5m, net assets of $66.3m.