California Biotechnology Foundation

Analysis

California Biotechnology Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2022, California Biotechnology Foundation reported income of $873k and spending of $900k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $607k to $873k (+44%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Biotechnology Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Swedish Cultural Center Inc ($872k), Daniel Singer Millenium Prize Foundation Inc ($873k) and American Youth Philharmonic Orchestras ($872k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $207k (23% of expenses). At year end it held assets of $41k against liabilities of $0, net assets of $41k.