Danville Science Center Inc

Analysis

Danville Science Center Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Danville Science Center Inc reported income of $776k and spending of $341k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.2m to $776k (-65%), an average of -23% a year. The sharpest change came in the year to June 2024, when income rose by 103%. Over the whole period it spent 38% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Danville Science Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Wyckoff Torpedoes Soccer Club ($776k), Just Play Soccer Club Inc ($776k) and HGM Ice LLC ($775k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $6,192. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 2 employees.