Interoperability Institute LLC

Analysis

Interoperability Institute LLC is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Interoperability Institute LLC reported income of $8.0m and spending of $9.2m, spending 115% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $11.7m to $8.0m (-32%), an average of -17% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Interoperability Institute LLC sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Greater Los Angeles Veterans Research & Education Foundation ($8.0m), Greater Fresno Health Organization Inc ($8.0m) and Dignity Hospice of Southern West Virginia Inc ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $297k (3.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $2.3m against liabilities of $7.0m, net assets of -$4.7m. It reported 144 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.