Biomedical Research Foundation Medical Research 151

Analysis

Biomedical Research Foundation Medical Research 151 is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biomedical Research Foundation Medical Research 151 reported income of $1.7m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biomedical Research Foundation Medical Research 151 sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include Nami Southeast Louisiana ($1.7m), St George Senior Housing Corp ($1.7m) and Mount Pleasant Soccer Booster Club Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $763k. At year end it held assets of $1.9m against liabilities of $153k, net assets of $1.8m. It reported 20 employees.