Biophysical Society

Analysis

Biophysical Society is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in November 1961, 65 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, Biophysical Society reported income of $4.9m and spending of $5.4m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $4.8m to $4.9m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 222%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biophysical Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Parzival Supports ($4.9m), Habitat for Humanity Choptank Inc ($4.9m) and The United Way Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $377k (7.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $20.4m against liabilities of $3.3m, net assets of $17.1m. It reported 19 employees.