Society for Neuroscience

Analysis

Society for Neuroscience is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1970, 56 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Society for Neuroscience reported income of $41.8m and spending of $26.7m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.0m to $41.8m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Society for Neuroscience sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Valley Professionals Community Health Center Inc ($41.7m), Rivervalley Behavioral Health Inc ($41.8m) and MHS Physicians of Texas ($41.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $2.6m (9.7% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $119.1m against liabilities of $36.5m, net assets of $82.6m. It reported 121 employees.