Bio Ventures for Global Health

Analysis

Bio Ventures for Global Health is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2003, 23 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 December 2023, Bio Ventures for Global Health reported income of $4.7m and spending of $2.4m, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.4m to $4.7m (+237%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 168%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bio Ventures for Global Health sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Moorings Park Healthy Living Incorporated ($4.7m), North Side Christian Health Center ($4.7m) and Make a Wish Foundation of Alabama Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $455k (19% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $362k, net assets of $7.1m. It reported 17 employees.