The Broad Institute
The Broad Institute reported $846.1 million in revenue and $799.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.83 went to program services, $20.64 to management and general costs and $0.53 to fundraising. Its largest source of revenue was contributions and grants: 79.9% of the total. Government grants made up 22.3%. The highest compensation it reported for one person was $982,376 (Institute Director). 1,050 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $799MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $846MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.8% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.6% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 79.9% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 22.3% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.9% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $982,376 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.12% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 1,050 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Institute Director Director/trustee, officer, 60.0 hrs/week | $921,555 | $0 | $60,821 | $982,376 |
| EVP, Platforms and Scientific Execution Key employee, 60.0 hrs/week | $753,888 | $0 | $61,192 | $815,080 |
| Core Institute Member Highest compensated employee, 60.0 hrs/week | $702,928 | $0 | $49,277 | $752,205 |
| Co-Director, Stanley Center for Psychiatric Research Highest compensated employee, 60.0 hrs/week | $604,841 | $0 | $63,638 | $668,479 |
| Chief Operating Officer Key employee, 60.0 hrs/week | $541,221 | $0 | $60,712 | $601,933 |
| Chief Business Officer Highest compensated employee, 60.0 hrs/week | $452,600 | $0 | $65,409 | $518,009 |
| Senior Director, Genomics Platform Highest compensated employee, 60.0 hrs/week | $451,243 | $0 | $60,498 | $511,741 |
| Chief Development Officer Highest compensated employee, 60.0 hrs/week | $448,409 | $0 | $60,052 | $508,461 |
1,050 people received more than $100,000 in reportable compensation from The Broad Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,676
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Turner Construction Company Construction | $76,210,748 |
| The Richmond Group Inc Construction | $23,717,669 |
| EMC CORPORATION IT Support | $6,235,234 |
| Wolf Greenfield & Sacks PC Legal | $4,143,492 |
Individuals listed as contractors are left out. 114 contractors were paid more than $100,000 in all.
Private foundation grants it received
31 private foundations reported grants to The Broad Institute totaling $139M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Broad Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Broad Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Broad Institute spent in FY2025, $78.83 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Michael J Fox Foundation for Parkinson's ResearchNew York, NY · revenue $708M · programs 90.8% · 2025
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- The Scripps Research InstituteLA Jolla, CA · revenue $699M · programs 92.0% · FY2025
- Howard Hughes Medical InstituteChevy Chase, MD · revenue $2.00B · programs 80.2% · FY2025
- The Jackson LaboratoryBar Harbor, ME · revenue $653M · programs 84.6% · 2024
All medical research charities · Largest charities in Massachusetts
Questions people ask
How much of The Broad Institute's spending goes to programs?
In the fiscal year ending June 30, 2025, The Broad Institute reported that 78.8% of its $799.0 million in expenses went to program services, 20.6% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does The Broad Institute pay its top executive?
The largest total compensation The Broad Institute reported for one person in the fiscal year ending June 30, 2025 was $982,376, for the role of Institute Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Broad Institute get its money?
Of $846.1 million in revenue in the fiscal year ending June 30, 2025, 79.9% came from contributions and grants (including 22.3% from government grants) and 7.9% from program service revenue (Form 990, Part VIII).
Is The Broad Institute a registered charity?
The IRS lists EIN 26-3428781 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349305833 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349303112 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202442819349302204 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349308719 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349312601 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101329349303275 · read the filing
All filings for EIN 26-3428781: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.