Texas Society for Biomedical Research Inc

Analysis

Texas Society for Biomedical Research Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in March 1990, 36 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 Society for Biomedical Research Inc reported income of $123k and spending of $131k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $123k (+6.1%), an average of +6.1% a year. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Society for Biomedical Research Inc 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 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Arnot-Ogden Auxiliary ($122k), Connect Thru Cancer ($123k) and Sunshine Club Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $1,355, net assets of $76k.