Scripps Research Institute

Analysis

Scripps Research Institute is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in January 1991, 35 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 September 2023, Scripps Research Institute reported income of $815.8m and spending of $532.6m, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $412.2m to $815.8m (+98%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Scripps Research Institute 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 CA. Charities of a similar size with the same main cause include University Medical Center Management Corporaton ($811.1m), Pennsylvania Hospital of the Univ of Pennsylvania Health System ($816.6m) and Hendrick Medical Center ($810.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $5.2m (1.0% of expenses). Other salaries and wages came to $249.7m. At year end it held assets of $1.09bn against liabilities of $330.5m, net assets of $758.2m. It reported 2,233 employees.