Pioneer Valley Life Sciences Institute of Baystate Medical

Analysis

Pioneer Valley Life Sciences Institute of Baystate Medical is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 2004, 22 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 September 2023, Pioneer Valley Life Sciences Institute of Baystate Medical reported income of $81k and spending of $228k, spending 280% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5 to $81k (+1625140%), an average of +1029% a year. The sharpest change came in the year to September 2021, when income rose by 2919120%. Over the whole period it spent 405% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pioneer Valley Life Sciences Institute of Baystate Medical sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Indiana County Recovery Center Inc ($81k), Spina Bifida Wisconsin Ltd ($81k) and Maryssa S Mission Foundation ($81k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $867k against liabilities of $302k, net assets of $565k.

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.