Morgridge Institute for Researchinc
330 N Orchard St, Madison, WI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $78,378,897 | $37,276,559 | $74,030,145 |
| FY2024 | $33,569,331 | $32,259,175 | $32,373,831 |
| FY2023 | $26,189,437 | $28,100,888 | $30,344,791 |
| FY2022 | $31,260,275 | $28,634,578 | $32,479,959 |
| FY2021 | $29,381,681 | $27,481,598 | $30,135,019 |
| FY2020 | $31,940,296 | $32,476,401 | $27,839,397 |
| FY2019 | $31,704,046 | $31,285,881 | $28,566,049 |
| FY2018 | $355,011,811 | $376,385,621 | $28,166,415 |
| FY2017 | $34,807,584 | $29,535,853 | $50,391,971 |
| FY2016 | $30,113,847 | $23,653,872 | $45,424,243 |
| FY2015 | $30,944,811 | $24,566,717 | $38,724,440 |
| FY2014 | $41,743,291 | $24,567,128 | $32,662,815 |
| FY2013 | $33,998,191 | $29,036,951 | $15,486,652 |
| FY2012 | $8,889,754 | $29,761,387 | $16,878,412 |
Form 990 filings
The returns filed by Morgridge Institute for Researchinc (EIN 20-8325570), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $78,122,274 | 100% |
| Program service revenue | $42,300 | <1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $26,103,479 | 70% |
| Management & general | $10,100,246 | 27% |
| Fundraising | $1,072,834 | 3% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2025.
- Program services accounted for 70% of functional expenses, management & general 27%, and fundraising 3%.
- 70% of functional expenses went to program services in FY2025. That is higher than 12.3% of 138 Health Care organizations in WI.
- Net assets covered about 23.8 months of expenses at the end of the reporting year. That puts it in the 69th percentile among 420 Health Care organizations in WI.
- Total revenue was higher than 85.2% of 426 Health Care organizations in WI.
- Total revenue rose from $8,889,754 in FY2012 to $78,378,897 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2012, FY2018, FY2020, FY2023).
- The highest revenue on record here is $355,011,811 in FY2018.
- Net assets grew from $16,878,412 to $74,030,145 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
RESEARCH INSTITUTE TO SUPPORT MEDICAL RESEARCH AND EDUCATION AT THE UNIVERSITY OF WISCONSIN-MADISON IN CONJUNCTION WITH THE UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS AUTHORITY.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E20 — Health Care (in WI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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