California Biomanufacturing Center

Analysis

California Biomanufacturing Center is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, California Biomanufacturing Center reported income of $503k and spending of $564k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $291k to $503k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, California Biomanufacturing Center 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 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include University District Special Improvement District Inc ($503k), Top of Iowa Welcome Center ($503k) and Creative Learning Alliance Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $118k (21% of expenses). Other salaries and wages came to $103k. At year end it held assets of $691k against liabilities of $709k, net assets of -$18k. It reported 2 employees.