Institute of Advanced Sciences

Analysis

Institute of Advanced Sciences is a registered charity in United States, based in N Dartmouth, MA. It received its IRS tax-exemption ruling in March 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Institute of Advanced Sciences reported income of $487k and spending of $511k, spending 105% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $439k to $487k (+11%), an average of +2.6% a year. 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, Institute of Advanced Sciences sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Passages Inc ($487k), Cadence Theatre Company Inc ($487k) and New Jersey Center for Civic & Law Related Education Inc ($487k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $71k (14% of expenses). Other salaries and wages came to $212k. At year end it held assets of $39k against liabilities of $177k, net assets of -$138k.