Usona Institute Inc

Analysis

Usona Institute Inc is a registered charity in United States, based in Fitchburg, WI. 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 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, Usona Institute Inc reported income of $54.9m and spending of $17.3m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $54.9m (+773%), an average of +72% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Usona Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Soldiers & Sailors Memorial ($54.9m), Centracare Health System of Melrose ($54.9m) and Valley Health Team Inc ($54.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $180.2m against liabilities of $109.1m, net assets of $71.1m. It reported 3 employees.