Biomed Valley Corporation

Analysis

Biomed Valley Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Biomed Valley Corporation reported income of $9.0m and spending of $50k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $10.1m to $9.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 101%. Over the whole period it spent 0.5% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biomed Valley Corporation 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 95th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Country Health Inc ($9.0m), United Methodist Senior Services of Golden Triangle Area Inc ($9.0m) and Healthcare Financial Management Educational Foundation ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11.9m against liabilities of $0, net assets of $11.9m.