Wright Institute

Analysis

Wright Institute is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wright Institute reported income of $16.7m and spending of $15.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.5m to $16.7m (+8.2%), an average of +2.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wright 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 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include International Myeloma Foundation ($16.7m), Community Action Programs Inter-City Inc ($16.7m) and New Horizons Serving Individuals with Special Needs ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.5m (9.8% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $31.5m against liabilities of $3.5m, net assets of $28.0m. It reported 352 employees.