Foundation for the National Institute of Health Inc

Analysis

Foundation for the National Institute of Health Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1997, 29 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 (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, Foundation for the National Institute of Health Inc reported income of $61.0m and spending of $69.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53.8m to $61.0m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for the National Institute of Health Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include HPM Foundation Inc ($60.9m), Servicios Medicos Universitarios Inc ($61.0m) and Columbia Valley Community Health ($60.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $3.1m (4.5% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $206.1m against liabilities of $12.6m, net assets of $193.5m. It reported 107 employees.