Biohealth Innovation Inc

Analysis

Biohealth Innovation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Biohealth Innovation Inc reported income of $4.6m and spending of $4.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.6m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biohealth Innovation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Casa Serena ($4.6m), Ausable Valley Continuing Care Retirement Community Inc ($4.6m) and Florida Living Options Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $523k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.8m against liabilities of $433k, net assets of $5.4m. It reported 14 employees.