National Association of Academies of Science

Analysis

National Association of Academies of Science is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1974, 52 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 May 2023, National Association of Academies of Science reported income of $98k and spending of $143k, spending 147% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $146k to $98k (-33%), an average of -13% a year. The sharpest change came in the year to May 2021, when income dropped by 52%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Academies of Science sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KY. Charities of a similar size with the same main cause include Truthbase Theatricals Inc ($97k), Plataforma Eje Inc ($98k) and Virginia Center for Public Press Inc ($97k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $18k (12% of expenses). At year end it held assets of $96k against liabilities of $0, net assets of $96k. It reported 1 employees.