Biotechnical Institutes of Maryland

Analysis

Biotechnical Institutes of Maryland is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biotechnical Institutes of Maryland reported income of $1.3m and spending of $994k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $824k to $1.3m (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biotechnical Institutes of Maryland sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Affirming Youth Foundation Inc ($1.3m), Silicon Valley Urban Debate League ($1.3m) and Florida Association for Career and Technical Education Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $238k (24% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.5m against liabilities of $223k, net assets of $1.3m. It reported 7 employees.