The Research Institute of the McGill University Health Centre

Analysis

The Research Institute of the McGill University Health Centre is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in March 1976, 50 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending March 2024, The Research Institute of the McGill University Health Centre reported income of $127.5m and spending of $126.7m, spending 99% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $86.1m to $127.5m (+48%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Research Institute of the McGill University Health Centre 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 99th percentile. Charities of a similar size with the same main cause include Tarrant Area Food Bank ($127.2m), New England Center for Children Inc ($129.2m) and Seattle Childrens Foundation ($126.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $69.2m. At year end it held assets of $138.1m against liabilities of $123.8m, net assets of $14.2m.