Bionic Project Inc

Analysis

Bionic Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover health care, 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, Bionic Project Inc reported income of $190k and spending of $177k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $190k (+401%), an average of +401% a year. The sharpest change came in the year to December 2023, when income rose by 401%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bionic Project Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Beehive Alliance ($190k), Byron Wellness Systems ($190k) and National Alliance on Mental Illness Southwestern Illinois ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $28k against liabilities of $761, net assets of $27k.