National Academy of Inventors Inc

Analysis

National Academy of Inventors Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Academy of Inventors Inc reported income of $2.4m and spending of $1.2m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 61% 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 Academy of Inventors Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Advocates for Community Alternatives Inc ($2.4m), Museum of Sonoma County ($2.4m) and North Iowa Cultural Center and Museum ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 82% of the total. Other salaries and wages came to $156k. At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m. It reported 3 employees.