National Science & Technology Medals Foundation

Analysis

National Science & Technology Medals Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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, National Science & Technology Medals Foundation reported income of $1.5m and spending of $1.8m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Science & Technology Medals Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Metroport Meals on Wheels Inc ($1.5m), Young House Family Services ($1.5m) and Glen Canyon Conservancy ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $547k. At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.1m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.