Utopia Scientific

Analysis

Utopia Scientific is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Utopia Scientific reported income of $53k and spending of $42k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $190k to $53k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 123% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Utopia Scientific sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Abortion Access Fund Incorporated ($53k), Hope House Inc ($53k) and Mental Health America of Greater Tarrant County Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.