Akron Fossils & Science Center

Analysis

Akron Fossils & Science Center is a registered charity in United States, based in Copley, OH. It received its IRS tax-exemption ruling in October 2005, 21 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 December 2023, Akron Fossils & Science Center reported income of $256k and spending of $263k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $231k to $256k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Akron Fossils & Science Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include United Percussion and Arts Inc ($256k), Boxford Cable Access Television Corporation Inc ($256k) and Artz for the Harp Corporation ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $66k (25% of expenses). Other salaries and wages came to $87k. At year end it held assets of $117k against liabilities of $5,289, net assets of $112k. It reported 25 employees.