Society for Advancement of Chicanos & Native Americans in Science Inc

Analysis

Society for Advancement of Chicanos & Native Americans in Science Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for Advancement of Chicanos & Native Americans in Science Inc reported income of $11.2m and spending of $7.2m, leaving 36% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $3.9m to $11.2m (+190%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Advancement of Chicanos & Native Americans in Science 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Foundation for the New Jersey Hall of Fame Inc ($11.2m), Great Lakes Center for the Arts ($11.2m) and San Antonio African American Community Archive and Museum ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $574k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.2m against liabilities of $767k, net assets of $10.5m. It reported 23 employees.