Indiana Institute for Medical Research Inc

Analysis

Indiana Institute for Medical Research Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 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 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, Indiana Institute for Medical Research Inc reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $954k to $1.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indiana Institute for Medical Research Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Daybreak University ($1.4m), Cedar Valley Ranch Inc ($1.4m) and Good Samaritan FDN for Better Health Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $426k. At year end it held assets of $2.3m against liabilities of $141k, net assets of $2.2m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.