Biobus Inc

Analysis

Biobus Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Biobus Inc reported income of $4.4m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biobus Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Yoga Sangeeta Inc ($4.4m), Trinity Health Anesthesia Group of New York P C ($4.4m) and Openbiome Foundation Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $289k (7.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.1m against liabilities of $131k, net assets of $3.0m. It reported 105 employees.