North Carolina Association for Biomedical Research

Analysis

North Carolina Association for Biomedical Research is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, North Carolina Association for Biomedical Research reported income of $544k and spending of $518k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $511k to $544k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Association for Biomedical Research sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Nontoxic Certified ($544k), American Society of Spine Radiology ($544k) and Honor Bunker Inc ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $122k (23% of expenses). Other salaries and wages came to $54k. At year end it held assets of $758k against liabilities of $89k, net assets of $669k. It reported 2 employees.