Indiana Academy of Science

Analysis

Indiana Academy of Science is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1954, 72 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, Indiana Academy of Science reported income of $912k and spending of $549k, leaving 40% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $621k to $912k (+47%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Academy of Science sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Hancock County Performing Arts Center Foundation ($912k), Art of Ely Sium ($912k) and Museum of North Idaho Inc ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $109k (20% of expenses). Other salaries and wages came to $17k. At year end it held assets of $7.2m against liabilities of $1,679, net assets of $7.2m. It reported 1 employees.