New Jersey Association for Biomedical Research Inc

Analysis

New Jersey Association for Biomedical Research Inc is a registered charity in United States, based in Atco, NJ. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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, New Jersey Association for Biomedical Research Inc reported income of $244k and spending of $206k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $180k to $244k (+36%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Association for Biomedical Research Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Concerns of Police Survivors ($244k), Nacd Pacific Southwest Chapter Inc ($244k) and Paralyzed Veterans of America ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. At year end it held assets of $443k against liabilities of $0, net assets of $443k.