Gates Medical Research Institute

Analysis

Gates Medical Research Institute is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover health care, 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, Gates Medical Research Institute reported income of $809.5m and spending of $189.6m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $809.5m (+8153%), an average of +201% a year. The sharpest change came in the year to December 2023, when income rose by 6469%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gates Medical Research Institute 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 MA. Charities of a similar size with the same main cause include Lehigh Valley Physician Group ($807.9m), Hendrick Medical Center ($810.1m) and Swedishamerican Hospital ($806.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5.0m (2.7% of expenses). Other salaries and wages came to $38.8m. At year end it held assets of $817.0m against liabilities of $62.0m, net assets of $755.0m. It reported 172 employees.