Gastro-Intestinal Research Foundation Inc

Analysis

Gastro-Intestinal Research Foundation Inc is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in July 1963, 63 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 June 2023, Gastro-Intestinal Research Foundation Inc reported income of $21.3m and spending of $21.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $21.3m (+1435%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 917%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gastro-Intestinal Research Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include East Bay Agency for Children ($21.3m), The Reutlinger Community ($21.3m) and Unity Ambulatory Surgery Center Inc ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $287k (1.4% of expenses). Other salaries and wages came to $162k. At year end it held assets of $12.7m against liabilities of $8.9m, net assets of $3.9m. It reported 6 employees.