Science Friday Initiative Inc

Analysis

Science Friday Initiative Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover science and technology, 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 June 2023, Science Friday Initiative Inc reported income of $2.6m and spending of $3.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.9m to $2.6m (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Science Friday Initiative Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Wonderbound ($2.6m), Historic Elsinore Theatre Inc ($2.6m) and Fairfax Cable Access Corporation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $160k (5.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.6m against liabilities of $1.8m, net assets of $5.8m. It reported 23 employees.