Gates Medical Research Institute
One Kendall Sq Bldg 600 No 6-301, Cambridge, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $132,834,027 | $341,131,798 | $546,705,677 |
| FY2023 | $809,459,647 | $189,613,154 | $755,003,448 |
| FY2022 | $12,321,803 | $137,217,184 | $135,156,955 |
| FY2021 | $216,748,532 | $105,126,022 | $260,067,335 |
| FY2020 | $32,100,737 | $99,371,314 | $148,429,825 |
| FY2019 | $9,807,864 | $41,227,552 | $215,700,402 |
| FY2018 | $9,822,484 | $22,373,638 | $247,120,090 |
| FY2017 | $262,698,758 | $3,027,514 | $259,671,244 |
Form 990 filings
The returns filed by Gates Medical Research Institute (EIN 82-1808476), 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 | $131,916,618 | 99% |
| Program service revenue | $0 | 0% |
| Other revenue | $917,409 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $323,323,996 | 95% |
| Management & general | $17,807,802 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 99% of total revenue in FY2024.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2024. That is higher than 84.1% of 176 Health Care organizations in MA.
- Net assets covered about 19.2 months of expenses at the end of the reporting year. That puts it in the 66th percentile among 620 Health Care organizations in MA.
- Total revenue was higher than 90.9% of 651 Health Care organizations in MA.
- Total revenue fell from $262,698,758 in FY2017 to $132,834,027 in FY2024. Revenue increased in 3 and decreased in 4 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 8 reported years (FY2018, FY2019, FY2020, FY2022, FY2024).
- The highest revenue on record here is $809,459,647 in FY2023.
- Net assets grew from $259,671,244 to $546,705,677 between FY2017 and FY2024.
- 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
THE GATES MRI ENGAGES DIRECTLY IN THE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS FOR THE PURPOSE OF ADDRESSING MAJOR CAUSES OF ILLNESS AND DEATH IN LOW-AND LOWER-MIDDLE-INCOME COUNTRIES.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E05 — Health Care (in MA) |
| 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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