Addgene Inc

Analysis

Addgene Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover medical research, 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, Addgene Inc reported income of $26.3m and spending of $26.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.7m to $26.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Addgene Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Planned Parenthood of Southwest and Central Florida Inc ($26.3m), Centro Ararat Inc ($26.3m) and Ascension Via Christi Rehabilitation Hospital Inc ($26.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.3m (4.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $60.9m against liabilities of $41.1m, net assets of $19.8m. It reported 142 employees.