Sansum Diabetes Research Institute

Analysis

Sansum Diabetes Research Institute is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, Sansum Diabetes Research Institute reported income of $10.6m and spending of $6.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $10.6m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sansum Diabetes Research Institute sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The RWJ University Hospital Foundation Inc ($10.6m), Riverside Cnty Latino Commisison on Alcohol & Drug Abuse Services Inc ($10.6m) and Lakeshore Foundation ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $894k (13% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $27.6m against liabilities of $1.4m, net assets of $26.2m. It reported 94 employees.