Science Central Inc

Analysis

Science Central Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1988, 38 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 March 2023, Science Central Inc reported income of $2.6m and spending of $2.0m, leaving 22% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.9m to $2.6m (+35%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 119%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Science Central 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 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Forward Arts Foundation Inc ($2.6m), National Veterans Memorial and Museum Foundation ($2.6m) and Vidiots Foundation ($2.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 70% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $109k (5.4% of expenses). Other salaries and wages came to $923k. At year end it held assets of $7.5m against liabilities of $205k, net assets of $7.3m. It reported 43 employees.