Chan Zuckerberg Biohub Inc

Analysis

Chan Zuckerberg Biohub Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 2016, 10 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, Chan Zuckerberg Biohub Inc reported income of $1.29bn and spending of $108.0m, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $1.29bn (+10441%), an average of +220% a year. The sharpest change came in the year to December 2023, when income rose by 7765%. Over the whole period it spent 31% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chan Zuckerberg Biohub Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Priority Health Choice Inc ($1.29bn), Christ Hospital ($1.30bn) and Indiana University Health Care Associates Inc ($1.28bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $8.1m (7.5% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $1.48bn against liabilities of $44.0m, net assets of $1.44bn. It reported 225 employees.