Biodesign Challenge Inc

Analysis

Biodesign Challenge Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Biodesign Challenge Inc reported income of $479k and spending of $414k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $479k (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biodesign Challenge Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Worldview Crux ($479k), Council for European Studies ($479k) and Fund for P S 84 Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $163k (39% of expenses). Other salaries and wages came to $48k. At year end it held assets of $580k against liabilities of $73k, net assets of $507k. It reported 4 employees.