Texas Biomedical Research Institute

Analysis

Texas Biomedical Research Institute is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 1953, 73 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 December 2023, Texas Biomedical Research Institute reported income of $83.2m and spending of $83.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59.1m to $83.2m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Biomedical Research Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Gardner Family Health Network Inc ($83.2m), Cancer Care Co-Payment Assistance Foundation Inc ($83.4m) and Potomac Valley Hospital Inc ($83.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $2.4m (2.8% of expenses). Other salaries and wages came to $31.1m. At year end it held assets of $246.7m against liabilities of $95.6m, net assets of $151.0m. It reported 518 employees.