Medtech Innovator
Medtech Innovator reported $4.5 million in revenue and $7.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.01 went to program services, $8.97 to management and general costs and $4.02 to fundraising. Its largest source of revenue was contributions and grants: 99.2% of the total. Government grants made up 18.4%. The highest compensation it reported for one person was $859,906 (CEO & PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 42% 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 $7.2MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $4.5MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 18.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $859,906 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 11.95% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 100.0% |
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 expenseMedtech Innovator ("mti") is the largest and most impactful healthcare accelerator in the world. Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the health care system. Mti is purpose-built to identify the most viable startups and immerse them in the best medtech ecosystem in the world, no matter where they are based. Mti provides a resource-rich environment to assist startups in honing their business models, developing their value propositions, and securing their next round of funding, among other challenges faced by companies…
Highest 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 |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 50.00 hrs/week | $803,664 | $0 | $56,242 | $859,906 |
| COO Officer, 50.00 hrs/week | $386,377 | $0 | $29,273 | $415,650 |
| SENIOR VICE PRESIDENT Key employee, 40.00 hrs/week | $271,769 | $0 | $38,723 | $310,492 |
| VP, PROGRAMS Key employee, 40.00 hrs/week | $185,711 | $0 | $41,090 | $226,801 |
| CHIEF OF STAFF Highest compensated employee, 40.00 hrs/week | $123,792 | $0 | $51,435 | $175,227 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $136,469 | $0 | $14,174 | $150,643 |
6 people received more than $100,000 in reportable compensation from Medtech Innovator (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (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–1b4 · 3 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 2No
- 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 4No
- 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 527
- Volunteers Part I, line 6900
Private foundation grants it received
3 private foundations reported grants to Medtech Innovator totaling $2.8M 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 Medtech Innovator's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Medtech Innovator, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Medtech Innovator spent in FY2025, $87.01 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Results Educational FundWashington, DC · revenue $4.4M · programs 79.5% · FY2025
- America on TechNew York, NY · revenue $5.4M · programs 67.1% · 2025
- Dsst Public Schools FoundationDenver, CO · revenue $4.4M · programs 99.8% · FY2025
- Veritas Community ServicesOmaha, NE · revenue $5.4M · programs 84.2% · 2025
- The Slate SchoolNorth Haven, CT · revenue $4.4M · programs 96.2% · FY2025
Questions people ask
How much of Medtech Innovator's spending goes to programs?
In the fiscal year ending June 30, 2025, Medtech Innovator reported that 87.0% of its $7.2 million in expenses went to program services, 9.0% to management and general and 4.0% to fundraising (Form 990, Part IX).
How much does Medtech Innovator pay its top executive?
The largest total compensation Medtech Innovator reported for one person in the fiscal year ending June 30, 2025 was $859,906, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Medtech Innovator get its money?
Of $4.5 million in revenue in the fiscal year ending June 30, 2025, 99.2% came from contributions and grants (including 18.4% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Medtech Innovator a registered charity?
The IRS lists EIN 81-3132011 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 202621349349313087 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202522749349301132 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202422209349302152 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311879349301231 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202340249349301754 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020 (amended), object 202220289349301402 · read the filing
All filings for EIN 81-3132011: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.