American Society for Biochemistry and Molecular Biology Inc

Analysis

American Society for Biochemistry and Molecular Biology Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1942, 84 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, American Society for Biochemistry and Molecular Biology Inc reported income of $10.5m and spending of $12.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.8m to $10.5m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Society for Biochemistry and Molecular Biology Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include San Diego Museum of Art ($10.5m), Pittsburgh Ballet Theatre Inc ($10.5m) and United Performing Arts Fund Inc ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $476k (3.9% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $117.2m against liabilities of $8.8m, net assets of $108.3m. It reported 44 employees.