American Institute of Biological Sciences Inc

Analysis

American Institute of Biological Sciences Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in December 1958, 68 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 (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, American Institute of Biological Sciences Inc reported income of $2.8m and spending of $3.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $2.8m (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 103% 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 Institute of Biological Sciences Inc 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 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Racine Art Museum Association Inc ($2.8m), Alaska Humanities Forum ($2.8m) and Louisiana Art & Science Museum Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $284k (9.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.3m against liabilities of $697k, net assets of $1.6m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.