Society for Developmental Biology Inc

Analysis

Society for Developmental Biology Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1971, 55 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, Society for Developmental Biology Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Developmental Biology Inc 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 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Our Pride Encompasses Nashville ($1.7m), Dayton Contemporary Dance Company ($1.7m) and Greater Pensacola Symphony Orchestra ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $163k (9.5% of expenses). Other salaries and wages came to $294k. At year end it held assets of $8.8m against liabilities of $632k, net assets of $8.2m. It reported 4 employees.