The Biologos Foundation Inc

Analysis

The Biologos Foundation Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Biologos Foundation Inc reported income of $2.3m and spending of $2.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.3m (+125%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Biologos Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Gye Corp ($2.3m), Christ for All Peoples Inc ($2.3m) and Truth for Today World Mission School Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $191k (7.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $367k, net assets of $2.3m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.