J Craig Venter Institute Inc

Analysis

J Craig Venter Institute Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, J Craig Venter Institute Inc reported income of $15.1m and spending of $21.8m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.8m to $15.1m (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 1236%. Over the whole period it spent 170% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, J Craig Venter Institute Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Houston Public Media Foundation ($15.1m), Altasea at the Port of Los Angeles ($15.2m) and New York Foundation for the Arts Inc ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3.0m (14% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $49.0m against liabilities of $10.0m, net assets of $39.0m. It reported 134 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.