Foundation for Advanced Education in the Sciences Inc

Analysis

Foundation for Advanced Education in the Sciences Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Foundation for Advanced Education in the Sciences Inc reported income of $42.4m and spending of $38.5m, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $35.6m to $42.4m (+19%), an average of +4.5% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Advanced Education in the Sciences Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Middlesex School ($42.4m), Edp University of Puerto Rico Inc ($42.5m) and Little Scholars of Arkansas Foundation ($42.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.4m (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $58.4m against liabilities of $5.8m, net assets of $52.6m. It reported 37 employees.