Max Planck Florida Corporation

Analysis

Max Planck Florida Corporation is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in April 2009, 17 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, Max Planck Florida Corporation reported income of $26.4m and spending of $29.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.5m to $26.4m (+18%), an average of +4.1% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Max Planck Florida Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include River Garden Hebrew Home for the Aged ($26.4m), People Encouraging People Inc ($26.4m) and Planned Parenthood of Michigan ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $3.4m (12% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $105.9m against liabilities of $3.0m, net assets of $102.9m. It reported 176 employees.