Mary Crowley Medical Research Center

Analysis

Mary Crowley Medical Research Center is a registered charity in United States, based in Royse City, TX. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Mary Crowley Medical Research Center reported income of $17.3m and spending of $15.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $17.3m (+84%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Crowley Medical Research Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Suncoast Communities Blood Bank Inc ($17.3m), Cancer Foundation of Santa Barbara ($17.3m) and Victory Human Sevices Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.5m (17% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $21.3m against liabilities of $9.2m, net assets of $12.1m. It reported 57 employees.