Biomedical Research Foundation of Northwest Louisiana

Analysis

Biomedical Research Foundation of Northwest Louisiana is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in November 1986, 40 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, Biomedical Research Foundation of Northwest Louisiana reported income of $24.0m and spending of $20.0m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $25.4m to $24.0m (-5.3%), an average of -1.4% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biomedical Research Foundation of Northwest Louisiana sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Bailey House Inc ($24.0m), Upper Manhattan Mental Health Center ($24.0m) and West Side Deutscher Frauen Verein ($24.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (7.0% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $108.0m against liabilities of $12.5m, net assets of $95.5m. It reported 89 employees.