Hektoen Institute for Medical Research

Analysis

Hektoen Institute for Medical Research is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1945, 81 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hektoen Institute for Medical Research reported income of $28.9m and spending of $28.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $33.0m to $28.9m (-12%), an average of -3.3% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hektoen Institute for Medical Research sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Lieber Institute Inc ($28.9m), Central Coast Vna & Hospice Inc ($28.9m) and Parents and Children Together ($28.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $227k (0.8% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $68.5m against liabilities of $20.4m, net assets of $48.0m. It reported 331 employees.