Palo Alto Veterans Institute for Research

Analysis

Palo Alto Veterans Institute for Research is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in December 1996, 30 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 September 2023, Palo Alto Veterans Institute for Research reported income of $30.5m and spending of $30.7m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $31.1m to $30.5m (-1.8%), an average of -0.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palo Alto Veterans Institute for Research sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include MSMC Residential Realty LLC ($30.5m), Bill Hillary & Chelsea Clinton Foundation ($30.5m) and University of Maryland Emergency Medicine Associates P a ($30.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $1.2m (3.8% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $20.7m against liabilities of $12.7m, net assets of $8.0m. It reported 248 employees.