The Ruth K Broad Biomedical Research Foundation Inc

Analysis

The Ruth K Broad Biomedical Research Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Ruth K Broad Biomedical Research Foundation Inc reported income of $698k and spending of $568k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $698k (+30%), an average of +6.9% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Ruth K Broad Biomedical Research Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Captain Erick Foster Memorial Ride ($698k), Volunteers of America Inc ($698k) and Mathews Volunteer Rescue Squad Incorporated ($698k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $17.8m against liabilities of $0, net assets of $17.8m.