University City Science Center

Analysis

University City Science Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University City Science Center reported income of $18.7m and spending of $21.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.4m to $18.7m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University City Science Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Atlanta Historical Society Inc ($18.7m), Media Research Center Inc ($18.7m) and University License Equity Holdings Inc ($18.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $2.7m (13% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $134.5m against liabilities of $30.7m, net assets of $103.8m. It reported 84 employees.