Edison Biotechnology Center Inc

Analysis

Edison Biotechnology Center Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 1992, 34 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, Edison Biotechnology Center Inc reported income of $452k and spending of $852k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $790k to $452k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edison Biotechnology Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Sleep Research Society Foundation ($452k), Positive Pathways Consulting Inc ($452k) and Daybreak Vision Project Inc ($452k).

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 $341k (40% of expenses). Other salaries and wages came to $252k. At year end it held assets of $546k against liabilities of $483k, net assets of $63k.