Huntington Medical Research Institutes

Analysis

Huntington Medical Research Institutes is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1954, 72 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Huntington Medical Research Institutes reported income of $10.4m and spending of $14.6m, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.7m to $10.4m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to September 2022, when income dropped by 46%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Huntington Medical Research Institutes 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 Pulaski Health Foundation Inc ($10.4m), Addiction Center of Broome County ($10.4m) and Ur Medicine Home Care Licensed Inc ($10.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $1.7m (11% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $66.3m against liabilities of $2.1m, net assets of $64.2m. It reported 80 employees.