Institute for Life Science Entrepreneurship Inc

Analysis

Institute for Life Science Entrepreneurship Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in December 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 December 2023, Institute for Life Science Entrepreneurship Inc reported income of $911k and spending of $813k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $911k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Life Science Entrepreneurship Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Waterfront Foundation Inc ($911k), Hearkeneth Group Npo Corp ($911k) and Lifestar Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $264k (32% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.2m against liabilities of $56k, net assets of $1.1m. It reported 5 employees.