Sage Bionetworks

Analysis

Sage Bionetworks is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2010, 16 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 2022, Sage Bionetworks reported income of $23.9m and spending of $24.2m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $15.5m to $23.9m (+54%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sage Bionetworks sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include National Institute of Aerospace Associates ($23.8m), Commemorative Air Force ($23.9m) and Pacific Symphony ($23.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.6m (6.4% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $11.2m against liabilities of $7.6m, net assets of $3.7m. It reported 140 employees.