Impression 5 Science Center

Analysis

Impression 5 Science Center is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Impression 5 Science Center reported income of $3.0m and spending of $2.7m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $3.0m (+68%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 254%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Impression 5 Science Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Center for the Arts ($3.0m), Orchestra Iowa Inc ($3.0m) and Education Leaders of Color Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $94k (3.5% of expenses). Other salaries and wages came to $986k. At year end it held assets of $6.2m against liabilities of $1.1m, net assets of $5.1m. It reported 54 employees.