Seattle Institute for Biomedical and Clinical Research

Analysis

Seattle Institute for Biomedical and Clinical Research is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, Seattle Institute for Biomedical and Clinical Research reported income of $20.9m and spending of $19.7m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.9m to $20.9m (+31%), an average of +7.0% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seattle Institute for Biomedical and Clinical Research sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Southwest Counseling Solutions Inc ($20.9m), Marian Village Corporation ($20.9m) and Genesis Medical Center Aledo ($20.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $483k (2.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $18.9m against liabilities of $5.8m, net assets of $13.1m. It reported 138 employees.