Regional Science and Discovery Center Inc

Analysis

Regional Science and Discovery Center Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in December 1994, 32 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 June 2024, Regional Science and Discovery Center Inc reported income of $395k and spending of $353k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $342k to $395k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Regional Science and Discovery Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include California Association of Teachers of English ($395k), Latin American and Caribbean Con Sortium of Engineering Inst Inc ($395k) and Clinton Area Showboat Theatre Inc Showboat Riverfront Dr ($395k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $85k (24% of expenses). Other salaries and wages came to $161k. At year end it held assets of $162k against liabilities of $43k, net assets of $119k. It reported 7 employees.