Texas Biomedical Forum

Analysis

Texas Biomedical Forum is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 July 2023, Texas Biomedical Forum reported income of $918k and spending of $900k, spending 98% of its income. Across the 5 years on record, from July 2017 to July 2023, income grew from $396k to $918k (+132%), an average of +23% a year. The sharpest change came in the year to July 2020, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Biomedical Forum sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Southwest Florida Symphony Endowment Foundation Inc ($918k), Queer-Art ($918k) and Society of Asian Scientists and Engineers ($917k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.