Pennington Biomedical Research Foundation

Analysis

Pennington Biomedical Research Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2023, Pennington Biomedical Research Foundation reported income of $4.8m and spending of $4.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $4.8m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pennington Biomedical Research Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Flying Colors of Success Inc ($4.8m), Create Inc ($4.8m) and Kentuckyone Health Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $344k (8.5% of expenses). Other salaries and wages came to $959k. At year end it held assets of $26.2m against liabilities of $7.7m, net assets of $18.5m. It reported 8 employees.