Bioversity International

Analysis

Bioversity International is a registered charity in United States, based in Italy. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Bioversity International reported income of $33.0m and spending of $33.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.2m to $33.0m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bioversity International sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Community Foundations of the Hudson Valley ($33.0m), Family Services of Westchester Inc ($33.0m) and Jamboree Housing Corporation ($33.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $6.0m (18% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $41.0m against liabilities of $27.7m, net assets of $13.4m.