Baim Institute for Clinical Research Inc

Analysis

Baim Institute for Clinical Research Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baim Institute for Clinical Research Inc reported income of $13.5m and spending of $13.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to September 2023, income fell from $17.9m to $13.5m (-24%), an average of -6.7% a year. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baim Institute for Clinical Research Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Westminster Presbyterian Center Inc ($13.5m), Steuben Churchpeople Against Poverty Inc ($13.5m) and Santa Maria Hostel Inc ($13.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $874k (6.6% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $26.4m against liabilities of $10.9m, net assets of $15.5m. It reported 84 employees.