Biocom Institute

Analysis

Biocom Institute is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2008, 18 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 (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, Biocom Institute reported income of $815k and spending of $1.1m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $815k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Biocom Institute sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include National Association for Media Literacy Education ($815k), Childrens Museum of Acadiana ($815k) and Community Access Partners of San Buenaventura ($815k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $189k (17% of expenses). Other salaries and wages came to $346k. At year end it held assets of $285k against liabilities of $150k, net assets of $135k. It reported 9 employees.