Federation of American Societies for Experimental Biology

Analysis

Federation of American Societies for Experimental Biology is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 1959, 67 years ago. 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, Federation of American Societies for Experimental Biology reported income of $7.5m and spending of $11.6m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.1m to $7.5m (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Federation of American Societies for Experimental Biology sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Childrens School for Child-Centered Education Inc ($7.5m), Disability Rights Wisconsin Inc ($7.5m) and Cora Community Overcoming Relationship Abuse ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $934k (8.1% of expenses). Other salaries and wages came to $3.1m. It paid $130k in professional fundraising fees. At year end it held assets of $16.6m against liabilities of $3.1m, net assets of $13.5m. It reported 32 employees.