Biomed Sa

Analysis

Biomed Sa is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Biomed Sa reported income of $799k and spending of $685k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $799k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Biomed Sa sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Entrepreneur Development Center Southwest Tennessee Inc ($799k), Senior Navigatorcom ($801k) and Latino Hispanic American Community Center ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $213k (31% of expenses). Other salaries and wages came to $162k. At year end it held assets of $933k against liabilities of $85k, net assets of $848k.