Molecular Medicine Research Institute

Analysis

Molecular Medicine Research Institute is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Molecular Medicine Research Institute reported income of $1.6m and spending of $2.9m, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $1.6m (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Molecular Medicine Research Institute 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 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Ukrainian American Youth Association Inc ($1.6m), Forest Creatures Foundation Ltd ($1.6m) and Climate Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $108k (3.7% of expenses). Other salaries and wages came to $471k. At year end it held assets of $3.0m against liabilities of $2.6m, net assets of $423k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.