Biomimicry for Social Innovation

Analysis

Biomimicry for Social Innovation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Biomimicry for Social Innovation reported income of $432k and spending of $199k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $432k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biomimicry for Social Innovation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Matthew 19 14 ($432k), Carrollton Public Library ($432k) and Brunner Literacy Center ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. At year end it held assets of $359k against liabilities of $1,890, net assets of $358k.