Allen Institute

Analysis

Allen Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2004, 22 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, Allen Institute reported income of $240.4m and spending of $220.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68.8m to $240.4m (+249%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Allen Institute sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Lake Regional Health System ($240.4m), Renown Health ($240.7m) and Piedmont Rockdale Hospital Inc ($239.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $3.5m (1.6% of expenses). Other salaries and wages came to $91.5m. At year end it held assets of $351.4m against liabilities of $149.8m, net assets of $201.5m. It reported 929 employees.