Aquaya Institute

Analysis

Aquaya Institute is a registered charity in United States, based in Fairfax, CA. It received its IRS tax-exemption ruling in August 2006, 20 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, Aquaya Institute reported income of $10.1m and spending of $6.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $10.1m (+377%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aquaya Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Taft Museum of Art ($10.1m), National Archives Foundation ($10.1m) and Stroud Water Research Center Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $691k (11% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.1m against liabilities of $933k, net assets of $8.2m. It reported 22 employees.