Washington Institute for Coagulation

Analysis

Washington Institute for Coagulation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2022, Washington Institute for Coagulation reported income of $53.4m and spending of $49.5m, spending 93% of its income. Across the 3 years on record, from December 2020 to June 2022, income grew from $23.3m to $53.4m (+129%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 348%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Institute for Coagulation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Family Health Center Inc ($53.4m), Comanche County Medical Center Company ($53.5m) and North Mississippi Health Services Inc ($53.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $296k (0.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $62.9m against liabilities of $32.6m, net assets of $30.3m.