Medical Research
(H00E)
990 on File
PALO ALTO VETERANS INSTITUTE FOR RESEARCH
Financial strength (30%)
83/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$35.9M
Total Revenue
$33.0M
Total Expenses
$8.0M
Net Assets
203
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
84.1%
Fundraising Efficiency
N/A
Operating Reserve
2.92x
Liability-to-Asset
58.0%
Revenue Diversification
70.6%
Executive Compensation
$1.5M
Compared with Peers
FY 2025
Compared with 35 similar organizations
(United States, Medical Research, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.1% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.9% | 9.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.9 mo | 17.6 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
58.0% | 22.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
70.6% | 84.9% |
P10P90
|
Top quarter |
|
Surplus margin
Surplus as a share of revenue
|
7.9% | 4.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $35.9M | $33.0M | $8.0M | 84.1% | 203 |
| 2023 | $30.5M | $30.7M | $8.0M | 85.2% | 248 |
| 2022 | $29.9M | $29.8M | $8.2M | 86.1% | 248 |
| 2021 | $53.9M | $28.1M | N/A | — | 273 |
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