Friends of Science East Inc

Analysis

Friends of Science East Inc is a registered charity in United States, based in Shoreham, NY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Science East Inc reported income of $483k and spending of $813k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $772k to $483k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Science East Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Poncan Theatre Company Inc ($483k), Capri Community Film Society Inc ($483k) and Mount Airy Museum of Regional History Inc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $132k. At year end it held assets of $5.2m against liabilities of $571k, net assets of $4.6m. It reported 6 employees.