Biodesign Challenge Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 426,105 | 340,409 | 85,696 | 10.3 | 67% |
| 2021 | 527,191 | 439,102 | 88,089 | 10.4 | 25% |
| 2022 | 493,641 | 432,399 | 61,242 | 12.3 | 36% |
| 2023 | 478,564 | 414,005 | 64,559 | 14.7 | 51% |
In its most recent public year (2023), this organization brought in $64,559 more than it spent. Its reserves stood at about 14.7 months of spending, up from 10.3 in 2020. Staff pay was 51% of spending. $182,700 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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