NYC Builds Bio Inc

Analysis

NYC Builds Bio Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NYC Builds Bio Inc reported income of $570k and spending of $581k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $570k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NYC Builds Bio Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Epiphany Studio Productions ($570k), Korean American Museum Inc ($570k) and Aspen Junior Hockey Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.