Museum of Science & Technology Foundation

Analysis

Museum of Science & Technology Foundation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in May 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Museum of Science & Technology Foundation reported income of $1.6m and spending of $2.1m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Museum of Science & Technology Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Reach-Midlothian Inc ($1.6m), Brownsville Ambulance Service Inc ($1.6m) and Wilmington Jaycees Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $272k. At year end it held assets of $439k against liabilities of $561k, net assets of -$122k.