Science Academy Fundraising Initiative

Analysis

Science Academy Fundraising Initiative is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Science Academy Fundraising Initiative reported income of $227k and spending of $203k, spending 89% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $54k to $227k (+321%), an average of +105% a year. The sharpest change came in the year to July 2023, when income rose by 249%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Science Academy Fundraising Initiative sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Valhalla Elementary School Parent Faculty Association ($227k), Quincy Booster Club Inc ($227k) and US Center for the Education and Development of Elite Athletes Inc ($227k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.