Indiana Biosciences Research Institute Inc

Analysis

Indiana Biosciences Research Institute Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indiana Biosciences Research Institute Inc reported income of $4.5m and spending of $15.8m, spending 354% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.1m to $4.5m (-56%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Biosciences Research Institute Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include United We Pledge ($4.5m), Detroit Jazz Festival Productions Inc ($4.5m) and Northern Virginia Science Center Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1.3m (7.9% of expenses). Other salaries and wages came to $4.0m. It paid $56k in professional fundraising fees. At year end it held assets of $150.1m against liabilities of $26.7m, net assets of $123.4m. It reported 73 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.