Biocon Inc

Analysis

Biocon Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biocon Inc reported income of $3.8m and spending of $3.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biocon Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Foundation of Wesley Woods Inc ($3.8m), Luv Michael Homes Inc ($3.8m) and Harbor House of Jackson Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $30.1m against liabilities of $25.4m, net assets of $4.6m.