Sanford Burnham Prebys Medical Discovery Institute

Analysis

Sanford Burnham Prebys Medical Discovery Institute is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in August 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sanford Burnham Prebys Medical Discovery Institute reported income of $117.2m and spending of $103.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $123.0m to $117.2m (-4.7%), an average of -1.2% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sanford Burnham Prebys Medical Discovery Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Planned Parenthood Los Angeles ($117.2m), Hendrick Medical Center Brownwood ($117.2m) and Nathan Littauer Hospital Association ($117.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $1.1m (1.0% of expenses). Other salaries and wages came to $44.1m. At year end it held assets of $308.6m against liabilities of $65.1m, net assets of $243.5m. It reported 624 employees.