Biomedical Engineering Society

Analysis

Biomedical Engineering Society is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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 June 2023, Biomedical Engineering Society reported income of $3.6m and spending of $2.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.6m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biomedical Engineering Society sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Covenant Mercy Mission Inc ($3.6m), Ronald McDonald House of Fort Worth Inc ($3.6m) and National Foundation for Infectious Diseases ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $395k (14% of expenses). Other salaries and wages came to $407k. At year end it held assets of $5.9m against liabilities of $1.5m, net assets of $4.3m. It reported 11 employees.