Science Olympiad

Analysis

Science Olympiad is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in August 1985, 41 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 September 2022, Science Olympiad reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $2.2m to $1.5m (-33%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 31%. Over the whole period it spent 90% 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 Olympiad sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Web du Bois Center for Freedom and Democracy Inc ($1.5m), Studios for the Performing Arts Operating Co ($1.5m) and Salt Lake Acting Company ($1.5m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 60% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $282k (19% of expenses). Other salaries and wages came to $211k. At year end it held assets of $7.4m against liabilities of $793, net assets of $7.4m. It reported 6 employees.