Northwest Association for Biomedical Research

Analysis

Northwest Association for Biomedical Research is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 September 2023, Northwest Association for Biomedical Research reported income of $366k and spending of $365k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $501k to $366k (-27%), an average of -7.6% a year. The sharpest change came in the year to September 2020, when income dropped by 33%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwest Association for Biomedical Research sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Hunter Hospitality House Inc ($366k), Abrazo Adoption Associates ($366k) and Boonville Ambulance Inc ($366k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $140k (38% of expenses). Other salaries and wages came to $80k. At year end it held assets of $218k against liabilities of $33k, net assets of $185k. It reported 5 employees.