Wagner Free Institute of Science

Analysis

Wagner Free Institute of Science is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1918, 108 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wagner Free Institute of Science reported income of $961k and spending of $858k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $674k to $961k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wagner Free Institute of Science sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Key West Literary Seminar Inc ($961k), JD Sheth Foundation Inc ($961k) and Pueblo Rescue Mission ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $107k (12% of expenses). Other salaries and wages came to $349k. At year end it held assets of $7.8m against liabilities of $783k, net assets of $7.0m. It reported 11 employees.