Biobuilder Educational Foundation Inc

Analysis

Biobuilder Educational Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Biobuilder Educational Foundation Inc reported income of $1.5m and spending of $1.4m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $162k to $1.5m (+832%), an average of +75% a year. The sharpest change came in the year to June 2021, when income rose by 178%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biobuilder Educational Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Tom Joyner Foundation Inc ($1.5m), Recovery Program Solutions of Virginia Inc ($1.5m) and Dayton Business Technology High School ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $50k (3.7% of expenses). Other salaries and wages came to $190k. At year end it held assets of $2.0m against liabilities of $301k, net assets of $1.7m. It reported 11 employees.