Sci-Tech Discovery Center Inc

Analysis

Sci-Tech Discovery Center Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Sci-Tech Discovery Center Inc reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.2m to $1.1m (-14%), an average of -3.8% a year. The sharpest change came in the year to May 2022, when income rose by 228%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sci-Tech Discovery Center 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 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Teton County Library Foundation and Friends Inc ($1.1m), Veritas Christian School ($1.1m) and Garden City Community Junior College Endowment Assn ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Other salaries and wages came to $475k. It paid $200 in professional fundraising fees. At year end it held assets of $891k against liabilities of $323k, net assets of $568k. It reported 39 employees.