Science Center of Iowa

Analysis

Science Center of Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in October 1966, 60 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 (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 2023, Science Center of Iowa reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.2m to $6.3m (-12%), an average of -3.0% a year. The sharpest change came in the year to September 2023, when income dropped by 41%. Over the whole period it spent 76% 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 Center of Iowa sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include New Civil Liberties Alliance ($6.3m), Signature Theatre Company ($6.3m) and The Independent Feature Project Inc ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $470k (7.5% of expenses). Other salaries and wages came to $1.9m. It paid $89k in professional fundraising fees. At year end it held assets of $48.3m against liabilities of $3.7m, net assets of $44.6m. It reported 87 employees.