BBG Advanced Therapies

Analysis

BBG Advanced Therapies is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, BBG Advanced Therapies reported income of $5.0m and spending of $15.0m, spending 298% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.4m to $5.0m (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 66%. Over the whole period it spent 202% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, BBG Advanced Therapies 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 94th percentile within TX. Charities of a similar size with the same main cause include Naesm Inc ($5.0m), Center for Mindful Psychotherapy Inc ($5.0m) and Friendship Home Association ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $231k (1.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $18.8m against liabilities of $10.9m, net assets of $7.9m. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.