Applied Biomedical Science Institute

Analysis

Applied Biomedical Science Institute is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2018, 8 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, Applied Biomedical Science Institute reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $808k to $4.1m (+405%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Applied Biomedical Science Institute sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Inspira Health Connectons PC ($4.1m), Prairie Research and Education Cooperative ($4.1m) and Serenity House Counseling Services Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $756k (18% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $673k. It reported 21 employees.