Biogen Foundation Inc
Biogen Foundation maintains substantial assets with zero reported officer compensation amidst fluctuating revenues.
EIN: 161636254 · Dallas, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.8M |
| Total Expenses | $7.2M |
| Program Spending | 90% |
| Net Assets | $23.3M |
| Transparency Score | 90/100 |
Is Biogen Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Biogen Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Biogen Foundation Inc
Biogen Foundation Inc (EIN: 161636254) is a nonprofit organization based in Dallas, TX, classified under NTEE code T20. The organization reported total revenue of $22.8M and total assets of $36.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biogen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biogen Foundation Inc is a large nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $7.2M |
| Surplus / Deficit | +$7.6M |
| Total Assets | $23.3M |
| Total Liabilities | $1 |
| Net Assets | $23.3M |
| Operating Margin | 51.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.8 months |
Financial Health Grade: A
In 2023, Biogen Foundation Inc reported a surplus of $7.6M with revenue exceeding expenses, holds 38.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Biogen Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.8% | +12.9% | -38.5% |
| 2021 | -67.9% | -54.8% | -15.9% |
| 2020 | -2.0% | +176.7% | -18.9% |
| 2019 | +529.1% | -7.6% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Biogen Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Biogen Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and asset base, suggesting either volunteer leadership or compensation covered by an affiliated entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Biogen Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2022
- Unusual consistent reporting of $1 liability in recent years
Strengths
The following positive indicators were identified for Biogen Foundation Inc:
- Consistently reports 0% officer compensation, indicating high efficiency in executive overhead
- Maintains substantial assets ($36,092,665 latest) providing financial stability
- Consistent IRS 990 filing history demonstrates transparency
- Strong program spending implied by lack of officer compensation and significant expenses relative to revenue in some years
Frequently Asked Questions about Biogen Foundation Inc
Is Biogen Foundation Inc a legitimate charity?
Biogen Foundation Inc (EIN: 161636254) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $22.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Biogen Foundation Inc spend its money?
Biogen Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Biogen Foundation Inc tax-deductible?
Biogen Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161636254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Biogen Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Biogen Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Biogen Foundation Inc located?
Biogen Foundation Inc is headquartered in Dallas, Texas and files with the IRS under EIN 161636254. It is classified under NTEE code T20.
How many years of IRS 990 filings does Biogen Foundation Inc have?
Biogen Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22.8M in total revenue.
How does Biogen Foundation Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or their compensation is covered by an affiliated entity (likely Biogen Inc.), which would effectively reduce the administrative burden on the foundation itself.
What caused the significant revenue fluctuation, particularly the negative revenue in 2022?
The substantial revenue fluctuations, including a negative revenue of -$31,371 in 2022, likely reflect the nature of its funding, possibly large, infrequent corporate grants or investment losses. Negative revenue could indicate a net loss from investments or significant returns of prior year grants.
What is the nature of the $1 liability consistently reported in recent years?
The consistent reporting of a $1 liability from 2020-2023 is unusual and could be a placeholder, a minor accounting entry, or a technical reporting artifact. Given its negligible amount, it does not pose a financial risk but is an oddity in the filings.
Filing History
IRS 990 filing history for Biogen Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Biogen Foundation Inc's revenue has grown by 787.4%, moving from $1.7M to $14.8M. Total assets increased by 7% over the same period, from $21.7M to $23.3M. Total functional expenses rose by 302.5%, from $1.8M to $7.2M. In its most recent filing year (2023), Biogen Foundation Inc reported a surplus of $7.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $23.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $7.2M | $23.3M | $1 | — | View 990 |
| 2022 | $-31,371 | $9.8M | $15.7M | $1 | — | View 990 |
| 2021 | $3.9M | $8.7M | $25.6M | $1 | — | View 990 |
| 2020 | $12.1M | $19.2M | $30.4M | $1 | — | — |
| 2019 | $12.4M | $6.9M | $37.5M | $1 | — | — |
| 2015 | $2.0M | $7.5M | $47.3M | $0 | — | View 990 |
| 2014 | $37.8M | $6.1M | $52.9M | $0 | — | View 990 |
| 2013 | $2.8M | $5.1M | $21.2M | $0 | — | View 990 |
| 2012 | $3.5M | $1.7M | $23.5M | $0 | — | View 990 |
| 2011 | $1.7M | $1.8M | $21.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $7.2M, and assets of $23.3M.
- 2022: Revenue of $-31,371, expenses of $9.8M, and assets of $15.7M (revenue -100.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $8.7M, and assets of $25.6M (revenue -67.9% year-over-year).
- 2020: Revenue of $12.1M, expenses of $19.2M, and assets of $30.4M (revenue -2.0% year-over-year).
- 2019: Revenue of $12.4M, expenses of $6.9M, and assets of $37.5M (revenue +529.1% year-over-year).
- 2015: Revenue of $2.0M, expenses of $7.5M, and assets of $47.3M (revenue -94.8% year-over-year).
- 2014: Revenue of $37.8M, expenses of $6.1M, and assets of $52.9M (revenue +1246.1% year-over-year).
- 2013: Revenue of $2.8M, expenses of $5.1M, and assets of $21.2M (revenue -19.0% year-over-year).
- 2012: Revenue of $3.5M, expenses of $1.7M, and assets of $23.5M (revenue +108.4% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.8M, and assets of $21.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biogen Foundation Inc:
Data Sources and Methodology
This transparency report for Biogen Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.