New York Academy of Sciences

Analysis

New York Academy of Sciences is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1936, 90 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, New York Academy of Sciences reported income of $23.9m and spending of $22.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.6m to $23.9m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Academy of Sciences sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Stanley G Falk School ($23.9m), Living Planet Inc ($23.9m) and Cotter Schools ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $1.1m (4.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $26.6m against liabilities of $15.0m, net assets of $11.5m. It reported 73 employees.