Sigma XI the Scientific Research Honor Society Inc

Analysis

Sigma XI the Scientific Research Honor Society Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1943, 83 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sigma XI the Scientific Research Honor Society Inc reported income of $4.2m and spending of $5.5m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.2m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2020, when income rose by 85%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sigma XI the Scientific Research Honor Society Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Golden Good Shepherd Home ($4.2m), Montessori Community School ($4.2m) and New Orleans Culinary and Hospitality Institute Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $254k (4.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.4m against liabilities of $3.7m, net assets of $13.7m. It reported 40 employees.