Bimini Biological Field Station Foundation Inc

Analysis

Bimini Biological Field Station Foundation Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in May 2012, 14 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, Bimini Biological Field Station Foundation Inc reported income of $994k and spending of $750k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $843k to $994k (+18%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bimini Biological Field Station Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Salem Art Association ($994k), Pyramid Atlantic Inc ($994k) and Mystic Ballet Inc ($993k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $135k. At year end it held assets of $2.1m against liabilities of $5,648, net assets of $2.1m. It reported 6 employees.