Beckman Research Institute

Analysis

Beckman Research Institute is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 September 2023, Beckman Research Institute reported income of $229.1m and spending of $353.5m, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $568.4m to $229.1m (-60%), an average of -20% a year. The sharpest change came in the year to September 2020, when income dropped by 53%. 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, Beckman Research 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 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Sacred Heart Hospital of the Hospit Al Sisters-3rd Order of St Francis ($228.8m), Ascension Medical Group-Southeast Wisconsin Inc ($229.4m) and Santiam Memorial Hospital ($228.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $7.1m (2.0% of expenses). Other salaries and wages came to $156.8m. At year end it held assets of $1.95bn against liabilities of $828.5m, net assets of $1.12bn. It reported 1,248 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.