Charlottesville Biohub

Analysis

Charlottesville Biohub is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in June 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, Charlottesville Biohub reported income of $711k and spending of $656k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $554k to $711k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlottesville Biohub sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Heart of the Delta Foundation ($711k), Clay County Economic Development Corporation ($711k) and Masonic Service Association Education Department ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $180k (27% of expenses). Other salaries and wages came to $105k. At year end it held assets of $411k against liabilities of $180k, net assets of $231k. It reported 3 employees.