Biotechnology Institute

Analysis

Biotechnology Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Biotechnology Institute reported income of $776k and spending of $511k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $550k to $776k (+41%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biotechnology Institute sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Greek American Health Services Foundation ($775k), Mount Kisco Volunteer Ambulance Corps Inc ($776k) and North Carolina Healthcare Quality Alliance Inc ($775k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $246k. At year end it held assets of $333k against liabilities of $85k, net assets of $248k. It reported 6 employees.