Chinese Biopharmaceutical Association-Usa Inc

Analysis

Chinese Biopharmaceutical Association-Usa Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in August 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 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, Chinese Biopharmaceutical Association-Usa Inc reported income of $123k and spending of $141k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $591k to $123k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 246%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chinese Biopharmaceutical Association-Usa Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Carsons Crusaders Foundation ($123k), Turner of Life Counseling ($123k) and California Family Institute ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $682k against liabilities of $0, net assets of $682k.