San Diego Biomedical Research Institute

Analysis

San Diego Biomedical Research Institute is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, San Diego Biomedical Research Institute reported income of $6.2m and spending of $7.4m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.2m (+50%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, San Diego Biomedical Research Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Bensalem Rescue Squad Inc ($6.2m), Noora Health ($6.2m) and Williamsport Area Ambulance Service Cooperative ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $911k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $17.5m against liabilities of $19.8m, net assets of -$2.2m. It reported 37 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.