Natural Science Center of Greensboro Inc

Analysis

Natural Science Center of Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Natural Science Center of Greensboro Inc reported income of $11.4m and spending of $11.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $11.4m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Natural Science Center of Greensboro 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 NC. Charities of a similar size with the same main cause include All Stars Project Inc ($11.4m), Buffalo Bill Memorial Association ($11.4m) and Creative Visions Foundation ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $609k (5.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $28.8m against liabilities of $5.4m, net assets of $23.4m. It reported 332 employees.