McLaughlin Research Institute for Biomedical Sciences

Analysis

McLaughlin Research Institute for Biomedical Sciences is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 2022, McLaughlin Research Institute for Biomedical Sciences reported income of $7.6m and spending of $3.7m, leaving 52% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.2m to $7.6m (+546%), an average of +86% a year. The sharpest change came in the year to June 2020, when income rose by 144%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McLaughlin Research Institute for Biomedical Sciences 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 94th percentile, and in the 95th percentile within MT. Charities of a similar size with the same main cause include A B C Recovery Center Inc ($7.6m), Open Door Housingworks ($7.6m) and Orange County Association for Mental Health ($7.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 71% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $532k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $15.6m against liabilities of $340k, net assets of $15.3m. It reported 34 employees.