Bionorthtexas Foundation

Analysis

Bionorthtexas Foundation is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bionorthtexas Foundation reported income of $749k and spending of $696k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $749k (+198%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bionorthtexas Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Sunflower Hill ($749k), Sterling Foundation ($750k) and Northeast Florida Healthcare Coalition Inc ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $154k (22% of expenses). Other salaries and wages came to $211k. At year end it held assets of $323k against liabilities of $205k, net assets of $118k. It reported 3 employees.