Clinical Biotechnology Research Institute at RSFH

Analysis

Clinical Biotechnology Research Institute at RSFH is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clinical Biotechnology Research Institute at RSFH reported income of $217k and spending of $996k, spending 459% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $217k (-93%), an average of -49% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clinical Biotechnology Research Institute at RSFH sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Erle and Emma White Hospice Endowment TR ($217k), C4 Services Incorporated ($217k) and Parachute Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $574k. At year end it held assets of $25k against liabilities of $169k, net assets of -$144k. It reported 14 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.