Icahn Medical Research Foundation

Analysis

Icahn Medical Research Foundation is a registered charity in United States, based in Sunny Isles Beach, FL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover health care, 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, Icahn Medical Research Foundation reported income of $21.7m and spending of $4.2m, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $21.7m (+1036%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 1050%. Over the whole period it spent 210% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Icahn Medical Research Foundation 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 98th percentile within FL. Charities of a similar size with the same main cause include Mental Health Association of Essex and Morris Inc ($21.7m), McLeod Centers for Wellbeing ($21.7m) and Chicot Memorial Medical Center ($21.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $805k. At year end it held assets of $86.1m against liabilities of $62.4m, net assets of $23.7m.