Hampton Roads Biomedical Research Consortium

Analysis

Hampton Roads Biomedical Research Consortium is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 June 2023, Hampton Roads Biomedical Research Consortium reported income of $95k and spending of $135k, spending 142% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $159k to $95k (-40%), an average of -40% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hampton Roads Biomedical Research Consortium sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Wood-Ridge Memorial Foundation ($95k), Meadowbrook Family & Faculty Association ($95k) and National Sorority of Phi Delta Kappa Inc ($95k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.