Society for in Vitro Biology Incorporated

Analysis

Society for in Vitro Biology Incorporated is a registered charity in United States, based in Millersville, MD. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover social science, 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, Society for in Vitro Biology Incorporated reported income of $457k and spending of $517k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $403k to $457k (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for in Vitro Biology Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Arise Media Inc ($457k), Art House Inc ($457k) and Club Molisani Charities Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 55% of the total. At year end it held assets of $628k against liabilities of $43k, net assets of $584k.

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.