Society for Industrial Microbiology and Biotechnology

Analysis

Society for Industrial Microbiology and Biotechnology is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in October 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for Industrial Microbiology and Biotechnology reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Industrial Microbiology and Biotechnology sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Certified Angels a NJ Nonprofit Corporation ($2.0m), Youth Communication New York Center Inc ($2.0m) and Cyark ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $107k (6.1% of expenses). Other salaries and wages came to $322k. At year end it held assets of $1.4m against liabilities of $119k, net assets of $1.3m. It reported 6 employees.