Discovery Center of Science and Technology

Analysis

Discovery Center of Science and Technology is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1980, 46 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 December 2023, Discovery Center of Science and Technology reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Center of Science and Technology sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Center for Excellence in Education ($4.1m), American Friends of Les Arts Florissants Inc ($4.1m) and Pacific Resources for Education and Learning ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $98k (2.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.0m against liabilities of $4.9m, net assets of $4.1m. It reported 43 employees.