Baromedical Research Institute Ltd

Analysis

Baromedical Research Institute Ltd is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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 June 2024, Baromedical Research Institute Ltd reported income of $80k and spending of $411k, spending 517% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $722k to $80k (-89%), an average of -36% a year. The sharpest change came in the year to June 2023, when income rose by 326%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baromedical Research Institute Ltd sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within LA. Charities of a similar size with the same main cause include Oilfield Connections International ($80k), Torpedo Factory Artists Association ($80k) and American Society of Civil Engineers ($80k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 19% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.