Society for Biomaterials

Analysis

Society for Biomaterials is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Society for Biomaterials reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Society for Biomaterials sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Hope Sheds Light ($1.2m), Emh Recovery Inc ($1.2m) and Our Minds Matter ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. At year end it held assets of $1.1m against liabilities of $32k, net assets of $1.0m.