Hudson-Alpha Institute for Biotechnology

Analysis

Hudson-Alpha Institute for Biotechnology is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Hudson-Alpha Institute for Biotechnology reported income of $61.7m and spending of $60.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $139.6m to $61.7m (-56%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hudson-Alpha Institute for Biotechnology sits at the 100th 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 100th percentile within AL. Charities of a similar size with the same main cause include San Francisco Museum of Modern Art ($61.2m), San Antonio Valley Ranch LLC ($61.9m) and The Exploratorium ($61.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $6.3m (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $220.8m against liabilities of $30.9m, net assets of $189.9m. It reported 261 employees.