Molecular Biology Consortium Inc

Analysis

Molecular Biology Consortium Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Molecular Biology Consortium Inc reported income of $483k and spending of $452k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $483k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Molecular Biology Consortium Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Last Call Foundation Inc ($483k), New Creek Volunteer Fire Department Inc ($483k) and LA Grange Fire Department of LA Grange Fayette County TX ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $315k (70% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.0m against liabilities of $75k, net assets of $944k. It reported 3 employees.