LA Jolla Institute for Immunology

Analysis

LA Jolla Institute for Immunology is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Jolla Institute for Immunology reported income of $75.6m and spending of $83.7m, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $58.0m to $75.6m (+30%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Jolla Institute for Immunology 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Acts Retirement Services Inc ($75.4m), Rediscover ($75.6m) and Our Lady of the Angels Hospital Inc ($75.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $2.6m (3.1% of expenses). Other salaries and wages came to $30.9m. It paid $78k in professional fundraising fees. At year end it held assets of $65.3m against liabilities of $35.8m, net assets of $29.5m. It reported 464 employees.