Institute for in Vitro Sciences Inc

Analysis

Institute for in Vitro Sciences Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Institute for in Vitro Sciences Inc reported income of $6.9m and spending of $7.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $6.9m (+25%), an average of +5.7% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for in Vitro Sciences Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Congress Heights Community Training and Development Corporation ($6.9m), Beacon Charter School Corp ($6.9m) and Western New York Maritime Charter School ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $386k (5.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.2m against liabilities of $3.8m, net assets of $2.3m. It reported 54 employees.