Hansjorg Wyss Institute for Biologically Inspired Engineering

Analysis

Hansjorg Wyss Institute for Biologically Inspired Engineering is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hansjorg Wyss Institute for Biologically Inspired Engineering reported income of $310.9m and spending of $85.0m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $204.6m to $310.9m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 542%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hansjorg Wyss Institute for Biologically Inspired Engineering sits at the 100th 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 Trustees of the College of the Holy Cross ($308.2m), Barnard College ($313.7m) and Oxford Funds Endowment Master ($306.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. At year end it held assets of $538.8m against liabilities of $196.7m, net assets of $342.1m.