Securebio Inc

Analysis

Securebio Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2022, 4 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, Securebio Inc reported income of $4.3m and spending of $2.9m, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.4m to $4.3m (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Securebio Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Americas Freedom Festival Inc ($4.3m), American Action Forum Inc ($4.3m) and Humanities Texas ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $8,400 (0.3% of expenses). Other salaries and wages came to $621k. At year end it held assets of $4.9m against liabilities of $140k, net assets of $4.7m. It reported 8 employees.