72
Massachusetts Biomedical Initiatives
Science & Technology · Worcester, Massachusetts
17 Briden Street, Worcester, MA 01605-2662
EIN: 222636406· Founded: Dec 1985· 41 years active· Filing Year: 2023
Annual Revenue
$6.4M
Total Expenses
$3.6M
Total Assets
$30.0M
Program Spending
66%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$421K
11.8% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$325K
Total Payroll
$746K
21% of total expenses
Where the Money Goes
66%
Programs: 66%
Payroll: 21%
Other overhead: 34%
Program Revenue$2.4M (37%)
Total Expenses$3.6M (56%)
Payroll$746K (21%)
Overhead (non-program)34%
Trust Score Breakdown
Program Spending Ratio
66% of expenses go to programs
Revenue & Stability
$6.4M annual revenue
Executive Compensation
$421K total officer comp (11.8% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$30.0M in assets
Similar Science & Technology Nonprofits in Massachusetts
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.