World Science Foundation

Analysis

World Science Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2006, 20 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 2023, World Science Foundation reported income of $4.5m and spending of $5.6m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.5m to $4.5m (-48%), an average of -15% a year. The sharpest change came in the year to September 2021, when income rose by 60%. 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, World Science Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Community Works West Inc ($4.4m), Eugene Oneill Memorial Theater Center Inc ($4.5m) and Life Pieces to Masterpieces ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $638k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $20.2m against liabilities of $3.7m, net assets of $16.5m. It reported 35 employees.