International Bio Iron Society

Analysis

International Bio Iron Society is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in September 2004, 22 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, International Bio Iron Society reported income of $168k and spending of $153k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $168k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 413%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Bio Iron Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Portuguese American Leadership Council of the United States Inc ($168k), Operation Snow Leopard ($168k) and Blue Ash-Montgomery Symphony Orchestra ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 80% of the total. At year end it held assets of $561k against liabilities of $8,242, net assets of $553k.