The House Institute Foundation

Analysis

The House Institute Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, The House Institute Foundation reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $969k to $2.6m (+166%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The House Institute Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Foundation for University Hospital a New Jersey Nonprofit Co ($2.6m), St Gianna Molla Clinic Inc ($2.6m) and T J Martell Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $239k (9.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $9.2m against liabilities of $2.3m, net assets of $7.0m. It reported 18 employees.