Iowa Academy of Science

Analysis

Iowa Academy of Science is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in July 1956, 70 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 June 2023, Iowa Academy of Science reported income of $77k and spending of $71k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $141k to $77k (-46%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. 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, Iowa Academy of Science sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Missouri Veterinary Medical Foundation ($77k), Ballet in the City Inc ($77k) and Dance It Up Ltd ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $6,390. At year end it held assets of $318k against liabilities of $12k, net assets of $307k. It reported 1 employees.