Science for Monks

Analysis

Science for Monks is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2016, 10 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Science for Monks reported income of $419k and spending of $249k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $436k to $419k (-4.0%), an average of -2.0% a year. Over the whole period it spent 82% 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 for Monks sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Almaden Winery Music and Arts ($419k), Heart of the Arts Inc ($419k) and Austerlitz Historical Society ($418k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (24% of expenses). Other salaries and wages came to $21k. At year end it held assets of $313k against liabilities of $0, net assets of $313k. It reported 1 employees.