Society for Experimental Biology and Medicine

Analysis

Society for Experimental Biology and Medicine is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1953, 73 years ago. 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 December 2023, Society for Experimental Biology and Medicine reported income of $601k and spending of $516k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $820k to $601k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Experimental Biology and Medicine sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Snell Foundation Inc ($601k), New York Health Plan Association Council Inc ($602k) and Southern Tennis Patrons Foundation Inc ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $178k (34% of expenses). Other salaries and wages came to $158k. At year end it held assets of $1.4m against liabilities of $36k, net assets of $1.4m. It reported 3 employees.