National Academy of Sciences

Analysis

National Academy of Sciences is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1925, 101 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, National Academy of Sciences reported income of $324.6m and spending of $364.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $406.4m to $324.6m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Academy of Sciences sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Harvard Business School Publishing Corporation ($319.0m), Canada Council for the Arts ($324.7m) and Institute for Defense Analyses ($312.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $6.5m (1.8% of expenses). Other salaries and wages came to $119.3m. It paid $39k in professional fundraising fees. At year end it held assets of $1.56bn against liabilities of $264.9m, net assets of $1.30bn. It reported 1,382 employees.