Weizmann Institute of Science

Analysis

Weizmann Institute of Science is a registered charity in United States, based in Israel. It received its IRS tax-exemption ruling in November 2004, 22 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).

In the financial year ending September 2023, Weizmann Institute of Science reported income of $938.4m and spending of $275.8m, leaving 71% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $414.5m to $938.4m (+126%), an average of +23% a year. The sharpest change came in the year to September 2021, when income rose by 104%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Weizmann Institute of Science 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. Charities of a similar size with the same main cause include Southwest Research Institute ($855.6m), Research Triangle Institute ($1.25bn) and Alliance for Energy Innovation LLC ($786.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $5.8m (2.1% of expenses). Other salaries and wages came to $85.1m. At year end it held assets of $4.66bn against liabilities of $236.1m, net assets of $4.42bn.