Sciencenter Discovery Museum

Analysis

Sciencenter Discovery Museum is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in November 1983, 43 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, Sciencenter Discovery Museum reported income of $3.5m and spending of $3.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. 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, Sciencenter Discovery Museum sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include San Jose Childrens Musical Theater ($3.5m), KSMQ Public Service Media Inc ($3.5m) and Adventurous Minds Produce Extraordinary Dreams Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $275k (8.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.5m against liabilities of $744k, net assets of $9.7m. It reported 42 employees.