Institute for Basic and Applied Research in Surgery

Analysis

Institute for Basic and Applied Research in Surgery is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Institute for Basic and Applied Research in Surgery reported income of $60k and spending of $102k, spending 169% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $189k to $60k (-68%), an average of -32% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 243% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Basic and Applied Research in Surgery sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Hope Heart Institute ($60k), Pierre Fauchard Academy Leadership Foundation ($60k) and Blue Lips Foundation ($60k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $90k (89% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.