Foundation for Biomedical Research

Analysis

Foundation for Biomedical Research is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Biomedical Research reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.1m (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Biomedical Research sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include Capital Behavioral Health Collaborative Inc ($1.1m), John W Brick Mental Health Foundation Inc ($1.1m) and Autism Sibs Universe ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $19.6m against liabilities of $1.2m, net assets of $18.5m. It reported 2 employees.