Gates Medical Research Institute
Gates Medical Research Institute reported $132.8 million in revenue and $341.1 million in expenses for calendar year 2024. Of every $100 it spent, $94.78 went to program services, $5.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.3% of the total. The highest compensation it reported for one person was $1,466,448 (DIRECTOR, BOARD CHAIR). 162 people received more than $100,000 in reportable compensation. Revenue rose 1254% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $341MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $133MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.2% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,466,448 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 162 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 0 of 5 | 88.9% |
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
2024 · Form 990, Part III · the three largest programs by expenseGates Medical Research Institute ("gates mri") is aligned with the purpose of the gates foundation and guided by the vision that every person deserves the opportunity to lead a healthy and productive life. The gates mri is dedicated to the research, development, and effective use of novel biomedical interventions addressing substantial global health concerns for which the required development investment by traditional biopharmaceutical organizations is lacking. The gates mri works with collaborating partners and organizations, coordinating and driving biopharmaceutical research and…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| DIRECTOR, BOARD CHAIR Director/trustee, 3.00 hrs/week | $0 | $1,396,369 | $70,079 | $1,466,448 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $1,025,020 | $84,312 | $1,109,332 |
| CHIEF MEDICAL OFFICER (END 12/24) Key employee, 40.00 hrs/week | $812,206 | $0 | $97,835 | $910,041 |
| TREASURER Officer, 40.00 hrs/week | $712,706 | $0 | $94,217 | $806,923 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $690,828 | $0 | $82,224 | $773,052 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $642,426 | $82,364 | $724,790 |
| HEAD OF TRANSLATIONAL DISCOVERY Highest compensated employee, 40.00 hrs/week | $573,001 | $0 | $96,604 | $669,605 |
| CHIEF EXECUTIVE OFFICER (START 6/24) Officer, 40.00 hrs/week | $584,380 | $0 | $68,114 | $652,494 |
162 people received more than $100,000 in reportable compensation from Gates Medical Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.8M (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
2024 · 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–1b5 · 0 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 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 5175
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| IQVIA RDS INC Clinical research organization | $76,416,929 |
| BARC SA Clinical lab services | $19,804,818 |
| LOGIX INC Supplemental staffing and consulting ser | $15,077,866 |
| PPD DEVELOPMENT LP Clinical research organization | $11,652,866 |
| BEACON HILL STAFFING GROUP LLC Contingent workers | $7,590,845 |
Individuals listed as contractors are left out. 116 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Gates Medical Research Institute totaling $189M 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 Gates Medical Research 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 Gates Medical Research Institute, you can publish a response that is linked from this page.
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Of every $100 Gates Medical Research Institute spent in 2024, $94.78 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in Massachusetts
Questions people ask
How much of Gates Medical Research Institute's spending goes to programs?
In calendar year 2024, Gates Medical Research Institute reported that 94.8% of its $341.1 million in expenses went to program services, 5.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Gates Medical Research Institute pay its top executive?
The largest total compensation Gates Medical Research Institute reported for one person in calendar year 2024 was $1,466,448, for the role of DIRECTOR, BOARD CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Gates Medical Research Institute get its money?
Of $132.8 million in revenue in calendar year 2024, 99.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Gates Medical Research Institute a registered charity?
The IRS lists EIN 82-1808476 as a 501(c)(3) organization (hospital or medical research organization), 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
- 2024: Form 990 for calendar year 2024, object 202513169349306306 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403189349310845 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343159349300224 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203189349300210 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123099349300952 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349305807 · read the filing
All filings for EIN 82-1808476: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.