University of Kansas Medical Center Research Institute

Analysis

University of Kansas Medical Center Research Institute is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Kansas Medical Center Research Institute reported income of $192.7m and spending of $175.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.4m to $192.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Kansas Medical Center Research Institute sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KS. Charities of a similar size with the same main cause include Sid Peterson Memorial Hospital ($192.4m), Mercy Clinics Inc ($193.5m) and Baptist Medical Center Beaches ($192.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $610k (0.3% of expenses). Other salaries and wages came to $74.0m. At year end it held assets of $170.9m against liabilities of $31.2m, net assets of $139.7m. It reported 118 employees.