Morgridge Institute Foundation Inc
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 | $84,878,840 | $24,669,808 | $574,691,428 |
| FY2024 | $44,197,120 | $21,840,912 | $495,192,273 |
| FY2023 | $254,947 | $16,523,025 | $450,431,742 |
| FY2022 | $36,336,859 | $16,372,047 | $425,362,294 |
| FY2021 | $74,942,129 | $15,451,836 | $470,983,974 |
| FY2020 | $22,735,688 | $17,237,338 | $360,435,442 |
| FY2019 | $9,525,396 | $14,494,298 | $357,972,714 |
| FY2018 | $371,014,465 | $10,820,396 | $347,326,532 |
Form 990 filings
The returns filed by Morgridge Institute Foundation Inc (EIN 82-2760376), 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 | $50,943,222 | 60% |
| Program service revenue | $0 | 0% |
| Other revenue | $33,935,618 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $22,397,263 | 91% |
| Management & general | $2,272,545 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 60% of total revenue in FY2025.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2025. That is higher than 77.7% of 157 Medical Research organizations nationwide (too few in WI for a state comparison).
- Net assets covered about 279.5 months of expenses at the end of the reporting year. That puts it in the 89th percentile among 45 Medical Research organizations in WI.
- Total revenue was the highest among 45 Medical Research organizations in WI.
- Total revenue fell from $371,014,465 in FY2018 to $84,878,840 in FY2025. Revenue increased in 4 and decreased in 3 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 8 reported years (FY2019, FY2023).
- The highest revenue on record here is $371,014,465 in FY2018.
- Net assets grew from $347,326,532 to $574,691,428 between FY2018 and FY2025.
- Contributions and grants made up 98% of revenue in FY2018 and 60% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
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 MORGRIDGE INSTITUTE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A TAX-EXEMPT 501(C)3 MEDICAL RESEARCH ORGANIZATION AFFILIATED WITH THE UNIVERSITY OF WISCONSIN - MADISON.
IRS status
| Ruling year | 2017 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | H11 — Medical Research |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
Similar organizations
- Usona Institute Inc — Fitchburg, WI · $7,949,536
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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