Van Andel Research Institute

Analysis

Van Andel Research Institute is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Van Andel Research Institute reported income of $340.0m and spending of $112.0m, leaving 67% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $86.4m to $340.0m (+294%), an average of +41% a year. The sharpest change came in the year to November 2023, when income rose by 136%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Van Andel Research Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Legacy Community Health Services Inc ($339.9m), Bronson Battle Creek Hospital ($340.2m) and Central Suffolk Hospital ($339.7m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $4.1m (3.7% of expenses). Other salaries and wages came to $47.0m. At year end it held assets of $197.2m against liabilities of $16.8m, net assets of $180.4m. It reported 554 employees.