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  • Charities
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    • Charities By SDGs
  • Public Portfolios
    Bioadvance Logo

    MIP Score

    52

    Youth Development
    Youth Development Research

    Bioadvance

    Bioadvance Logo

    Bioadvance

    Youth Development
    Youth Development Research
    170 N Radnor Chester Rd, Wayne, Pennsylvania, 19087View all Radnor charities
    EIN: 46-0481876
    Total Assets: $81.95 million
    Established in 2002

    Mission

    BioAdvance is an evergreen fund that provides early-stage capital for companies in the mid-Atlantic region developing technologies to enhance human health. Comprised of a team of experienced business executives, scientists, physicians, and entrepreneurs, BioAdvance actively collaborates with startups to ensure their growth and success. The fund has a strong portfolio that has attracted over $4.2 billion in follow-on funding, enabling significant advancements in the life sciences including therapeutics, medical devices, research tools, diagnostics, and health IT.

    Read more on their website →

    Basic Information

    Tax-Exempt

    Address

    170 N Radnor Chester Rd, Wayne, Pennsylvania, 19087

    View all Radnor charities

    Founded in

    2002

    EIN

    46-0481876

    Total Assets

    $81.95 million

    Mission

    BioAdvance is an evergreen fund that provides early-stage capital for companies in the mid-Atlantic region developing technologies to enhance human health. Comprised of a team of experienced business executives, scientists, physicians, and entrepreneurs, BioAdvance actively collaborates with startups to ensure their growth and success. The fund has a strong portfolio that has attracted over $4.2 billion in follow-on funding, enabling significant advancements in the life sciences including therapeutics, medical devices, research tools, diagnostics, and health IT.

    Basic Information

    Tax-Exempt

    Address

    170 N Radnor Chester Rd, Wayne, Pennsylvania, 19087

    View all Radnor charities

    Founded in

    2002

    EIN

    46-0481876

    Total Assets

    $81.95 million

    UN Sustainable Development Goals Supported

    This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

    Showing 2 of 2 goals

    Goal 3

    Good Health

    Goal 9

    Innovation and Infrastructure

    Goal 3

    Good Health

    Goal 9

    Innovation and Infrastructure

    At a Glance

    Strategic Investments for Health Improvement

    Strategic Investments for Health Improvement

    BioAdvance focuses on investing in life science technologies that enhance human health.

    A Proven Portfolio

    A Proven Portfolio

    Our portfolio companies have collectively raised over $4.2 billion in follow-on funding.

    Recent News on Funding

    Recent News on Funding

    Stay updated on the latest news and funding announcements from our portfolio companies.

    Impact Stats

    100+

    Number of Companies Funded

    Investments in Companies

    Invested in over 100 companies and more to come.

    23

    Number of Exits

    Successful Exits

    Achieved 23 exits including acquisitions and public offerings.

    12

    FDA Approved Products

    FDA Approved Products

    Developed 12 products that have received FDA approval.

    MIP Score (Beta)

    The MIP Score is in beta! We'd love any feedback you may have.

    The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

    Overall Score

    52

    32

    /100

    Program Expense Ratio

    62.60%

    6

    /20

    Program Revenue Growth

    -236.65%

    2

    /20

    Leverage Ratio

    0.0562

    20

    /20

    Working Capital Ratio

    30.83

    2

    /20

    Fundraising Efficiency

    0

    2

    /20

    Latest Filing Data: Form 990

    Fiscal Year:2022

    Source:Source: Self-reported by organization

    Financial Details

    Revenue

    CategoryAmountPercentage
    Contributions, Gifts, and Grants1.353M85.28%
    Program Services-1.091M-68.75%
    Investment Income1.227M77.34%
    Sales of Non-Inventory Assets-87.62K-5.52%
    Other Notable Sources00.00%
    Total Revenue1.586M100.00%

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