Biomedical Research Institute

Analysis

Biomedical Research Institute is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 1949, 77 years ago. 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, Biomedical Research Institute reported income of $6.0m and spending of $5.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $6.0m (+22%), an average of +5.1% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biomedical Research Institute sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include St Francis Center ($6.0m), Eblen Charities ($6.0m) and Community Care Network of Kansas Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $511k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $19.5m against liabilities of $8.6m, net assets of $10.9m. It reported 25 employees.