Baptist Clinical Research Institute Inc

Analysis

Baptist Clinical Research Institute Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2014, 12 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Clinical Research Institute Inc reported income of $2.2m and spending of $4.3m, spending 197% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.2m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 199% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baptist Clinical Research Institute Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Historical Society of Delaware ($2.2m), South Florida Symphony Orchestra Inc ($2.2m) and United States Lighthouse Society Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $223k (5.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $456k against liabilities of $15.7m, net assets of -$15.3m. It reported 73 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.