ALLEN INSTITUTE
615 WESTLAKE AVE N, SEATTLE, WA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $272,058,206 | $270,683,072 | $203,671,948 |
| FY2023 | $240,418,148 | $220,607,045 | $201,527,421 |
| FY2022 | $184,245,221 | $176,998,648 | $179,359,466 |
| FY2021 | $188,379,162 | $153,300,344 | $174,103,081 |
| FY2020 | $66,144,034 | $133,772,178 | $139,295,429 |
| FY2019 | $68,821,658 | $131,488,780 | $206,917,291 |
| FY2018 | $38,514,264 | $113,823,116 | $263,037,553 |
| FY2017 | $18,214,027 | $99,588,592 | $345,014,307 |
| FY2016 | $298,692,956 | $87,646,626 | $427,446,160 |
| FY2015 | $112,451,071 | $67,280,999 | $216,307,913 |
| FY2014 | $58,582,883 | $51,864,155 | $171,132,592 |
| FY2013 | $131,201,730 | $44,388,618 | $164,070,429 |
| FY2012 | $52,083,139 | $42,059,598 | $77,231,650 |
| FY2011 | $80,255,631 | $34,489,090 | $67,208,109 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $264,924,393 | 100% |
| Program service revenue | $722,210 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $217,788,787 | 80% |
| Management & general | $52,894,285 | 20% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 80% of functional expenses, management & general 20%, and fundraising 0%.
- 80% of functional expenses went to program services in FY2024. That is higher than 42.7% of 157 Medical Research organizations nationwide (too few in WA for a state comparison).
- Net assets covered about 9 months of expenses at the end of the reporting year. That puts it in the 48th percentile among 42 Medical Research organizations in WA.
- Total revenue was higher than 102.3% of 44 Medical Research organizations in WA.
- Total revenue rose from $80,255,631 in FY2011 to $272,058,206 in FY2024, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2017, FY2018, FY2019, FY2020).
- The highest revenue on record here is $298,692,956 in FY2016.
- Net assets grew from $67,208,109 to $203,671,948 between FY2011 and FY2024.
- Donations are generally tax-deductible (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
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | H96 — Medical Research |
| Donations | Donations are generally tax-deductible (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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