Murmuration Research Institute Inc

Analysis

Murmuration Research Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Murmuration Research Institute Inc reported income of $102.7m and spending of $28.8m, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.3m to $102.7m (+4397%), an average of +4397% a year. The sharpest change came in the year to December 2023, when income rose by 4397%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Murmuration Research Institute Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Didlake Inc ($101.7m), Central Indiana Health System Cardiac Services Inc ($102.7m) and Alliance of Nonprofits for Insurance Risk Retention Group Inc ($101.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.5m (5.3% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $79.8m against liabilities of $4.2m, net assets of $75.6m. It reported 149 employees.