Project Biome Inc

Analysis

Project Biome Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Project Biome Inc reported income of $1.9m and spending of $1.4m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $538k to $1.9m (+247%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Biome Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Dallas Area Rape Crisis Center ($1.9m), Greater Philadelphia Alliance Social Service Center ($1.9m) and Malheur Council on Aging and Community Services ($1.9m).

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 $140k (9.7% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.1m against liabilities of $244k, net assets of $870k. It reported 5 employees.