Salk Institute for Biological Studies

Analysis

Salk Institute for Biological Studies is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in August 1961, 65 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 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 June 2023, Salk Institute for Biological Studies reported income of $173.7m and spending of $167.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $189.3m to $173.7m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salk Institute for Biological Studies sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Rfe-Rl Inc ($170.9m), American Type Culture Collection ($177.1m) and Henry E Huntington Library & Art Gallery ($168.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $3.9m (2.3% of expenses). Other salaries and wages came to $68.7m. At year end it held assets of $805.3m against liabilities of $173.0m, net assets of $632.3m. It reported 1,144 employees.