Altius Institute for Biomedical Sciences

Analysis

Altius Institute for Biomedical Sciences is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2017, 9 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, Altius Institute for Biomedical Sciences reported income of $25.8m and spending of $36.0m, spending 140% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $21.5m to $25.8m (+20%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Altius Institute for Biomedical Sciences sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Northwest Alabama Mental Health Center ($25.8m), Parkside Inc ($25.8m) and Community Mental Health Center Inc ($25.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $1.2m (3.5% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $26.6m against liabilities of $10.3m, net assets of $16.4m. It reported 156 employees.