For Inspiration and Recognition of Science and Technology First

Analysis

For Inspiration and Recognition of Science and Technology First is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2024, For Inspiration and Recognition of Science and Technology First reported income of $84.8m and spending of $82.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $78.7m to $84.8m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 65%. 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, For Inspiration and Recognition of Science and Technology First sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include National Trust for Historic Preservation in the United States ($83.6m), San Francisco Opera Association ($85.3m) and Solomon R Guggenheim Foundation ($82.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $2.7m (3.3% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $77.0m against liabilities of $8.3m, net assets of $68.7m. It reported 220 employees.