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Massachusetts · Nonprofit

BOSTON VA RESEARCH INSTITUTE INC

BOSTON VA RESEARCH INSTITUTE INC (Massachusetts) receives grants from 23 organizations whose IRS filings report $3,167,467 to it, the largest being JOHN TEMPLETON FOUNDATION ($809,338). 7 of them have funded it in more than one year.

Revenue FY2025
$16M
Funders on record
23
Grants received
$3.2M
Net assets
$6.4M
7/23 repeat funderspeak grant-dependency 9%
01What it does

What Boston Va Research Institute Inc does

Mission

To serve veterans by advancing quality healthcare through inquiry, innovation, and continuous achievement in research and education.

As stated on its FY2025 Form 990.

Programs

  1. Basic research: in 2025, bvari facilitated 16 basic research projects that explored various areas of health, including oncology, alzheimer's disease, sleep, and vision.

    $2,370,101 spent
    19% of program spending
  2. Clinical research: in 2025, bvari administered 71 clinical research projects focused on improving the health and healthcare of veterans, including 20 data science and epidemiologic studies.

    $9,569,936 spent$208,046 earned by the program
    78% of program spending
  3. Education: in 2025, bvari supported 11 educational events and programs that enhanced the skills of healthcare professionals and trainees who care for veterans, including coordinating and facilitating attendance at lectures, trainings, and conferences.

    $152,839 spent$2,137,342 earned by the program
    1% of program spending
  4. All other research activities.

    $197,144 spent
    2% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,290,020.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($12M) Expenses 100 ($12M) Net assets 100 ($2.5M)2018 Revenue 99 ($12M) Expenses 95 ($12M) Net assets 113 ($2.9M)2019 Revenue 104 ($13M) Expenses 99 ($12M) Net assets 132 ($3.4M)2020 Revenue 100 ($12M) Expenses 100 ($12M) Net assets 100 ($2.5M)2021 Revenue 91 ($11M) Expenses 88 ($11M) Net assets 104 ($2.7M)2022 Revenue 110 ($13M) Expenses 106 ($13M) Net assets 116 ($2.9M)2023 Revenue 142 ($17M) Expenses 122 ($15M) Net assets 208 ($5.3M)2024 Revenue 104 ($13M) Expenses 103 ($13M) Net assets 213 ($5.4M)2025 Revenue 132 ($16M) Expenses 122 ($15M) Net assets 251 ($6.4M)
'17'18'19'20'21'22'23'24'25
Revenue (132)Expenses (122)Net assets (251)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $29M to $26M (−12%).

$22M
$25M
$25M
$27M
$31M
$31M
$28M
$29M
$26M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 74% · 2022 73% · 2023 76% · 2024 78% · 2025 76%. Grants only. Government contracts and fees sit inside program revenue.

80% of BOSTON VA RESEARCH INSTITUTE INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).

This organization
Typical peer · 4,743 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

−$192k
’17
$331k
’18
$482k
’19
−$158k
’20
$143k
’21
$309k
’22
$2.2M
’23
−$30k
’24
$970k
’25
4.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Patricia Mcnulty Ms

CEO

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed191919192219211322
Joined·+3+1+1+13+2+6+2+11
No longer listed·3111054102
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 8 funders to 2 funders, grant income fell $1.1M → $105k.

1 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 13% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of BOSTON VA RESEARCH INSTITUTE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

BOSTON VA RESEARCH INSTITUTE INC has a broad base — no single funder exceeds 26% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

65% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BOSTON VA RESEARCH INSTITUTE INC.

26%
largest funder
55%
top three
~8
effective funders

Largest funder’s share by year: 2017 77% · 2018 58% · 2019 43% · 2020 44% · 2021 31% · 2022 48% · 2023 74% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

20% of BOSTON VA RESEARCH INSTITUTE INC's funders are still giving 3 years after their first grant; 30% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

BOSTON VA RESEARCH INSTITUTE INC draws 60% of its grant income from funders outside Massachusetts, across 13 states in all.

NH
IL
MI
MA
PA
RI
CA
CO
MD
TN
DC
GA
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $420k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

BOSTON VA RESEARCH INSTITUTE INC holds deeper cash reserves than three-quarters of the 2,843 health nonprofits its size.

Operating margin6% · above the median
Months of reserve4.9mo · top quartile
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025

Government funding BOSTON VA RESEARCH INSTITUTE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $38.4M on record.

Federal$38.4M
grants $38.4Mcontracts $0
17
18
19
20
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$19.1M
  • Department of Defense$19.0M
  • National Science Foundation$305k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BOSTON VA RESEARCH INSTITUTE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 18%Fundraising 0%

Governance

12
board members
33%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 1 related entity

  • Va Boston Healthcare System · exempt

Screen this organization

A dated, signed PDF of the compliance screen for BOSTON VA RESEARCH INSTITUTE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BOSTON VA RESEARCH INSTITUTE INC?
BOSTON VA RESEARCH INSTITUTE INC (Massachusetts) receives grants from 23 organizations whose IRS filings report $3,167,467 to it, the largest being JOHN TEMPLETON FOUNDATION ($809,338). 7 of them have funded it in more than one year.
How many funders does BOSTON VA RESEARCH INSTITUTE INC have?
IRS filings report 23 organizations giving $3,167,467 in grants to BOSTON VA RESEARCH INSTITUTE INC, 7 of which have funded it in more than one year.
Who is the largest funder of BOSTON VA RESEARCH INSTITUTE INC?
JOHN TEMPLETON FOUNDATION is the largest funder on record, with $809,338 in grants. The full list of funders is on this page.
How can an organization like BOSTON VA RESEARCH INSTITUTE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Boston Va Research Institute →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing