Institute for Molecular Medicine

Analysis

Institute for Molecular Medicine is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in June 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for Molecular Medicine reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $5.4m (+153%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 241%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Molecular Medicine sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Baptist Health Foundation ($5.4m), East Bay Foundation for Graduate Medical Education ($5.4m) and Association for Autism and Neurodiversity Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $576k (11% of expenses). Other salaries and wages came to $482k. At year end it held assets of $1.1m against liabilities of $693k, net assets of $369k. It reported 10 employees.