Bionexus KC

Analysis

Bionexus KC is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bionexus KC reported income of $1.5m and spending of $1.9m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bionexus KC 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 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Sheridan Arts Foundation ($1.5m), Artists Association of Nantucket ($1.5m) and Tyler Museum of Art ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $280k (15% of expenses). Other salaries and wages came to $541k. At year end it held assets of $799k against liabilities of $0, net assets of $799k. It reported 10 employees.