The Biomimicry Institute

Analysis

The Biomimicry Institute is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, The Biomimicry Institute reported income of $3.2m and spending of $3.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.2m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Biomimicry Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within MT. Charities of a similar size with the same main cause include Intuit the Center for Intuitive and Outside Art ($3.2m), Falun Dafa Association of Atlanta ($3.2m) and Climate Museum ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $213k (6.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $611k, net assets of $1.6m. It reported 22 employees.