Frontiers in Bioscience Inc

Analysis

Frontiers in Bioscience Inc is a registered charity in United States, based in Newport Coast, CA. It received its IRS tax-exemption ruling in February 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frontiers in Bioscience Inc reported income of $253k and spending of $265k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $666k to $253k (-62%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frontiers in Bioscience Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Stay Driven Charitable Foundation Inc ($253k), Siletz Bay Music Festival ($253k) and Market Square Concerts ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% of the total. Other salaries and wages came to $50k. At year end it held assets of $9.1m against liabilities of $252k, net assets of $8.9m. It reported 2 employees.