Bioadvance

Analysis

Bioadvance is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Bioadvance reported income of $1.6m and spending of $2.5m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.6m (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income rose by 406%. Over the whole period it spent 53% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bioadvance 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 PA. Charities of a similar size with the same main cause include Georgia Career and Technical Instruction Inc ($1.6m), Fellowship of Christian Cheerleaders Inc ($1.6m) and 4 Tomorrow ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $999k (40% of expenses). Other salaries and wages came to $632k. At year end it held assets of $81.9m against liabilities of $4.6m, net assets of $77.3m. It reported 6 employees.