Broad Institute Inc

Analysis

Broad Institute Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 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 June 2023, Broad Institute Inc reported income of $860.4m and spending of $730.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $536.8m to $860.4m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Broad Institute 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 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Wellspan Medical Group ($858.7m), North Mississippi Medical Center Inc ($863.3m) and Good Samaritan University Hospital ($857.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $3.0m (0.4% of expenses). Other salaries and wages came to $238.4m. At year end it held assets of $2.67bn against liabilities of $636.7m, net assets of $2.04bn. It reported 2,729 employees.