Science Museums of Wilson Inc

Analysis

Science Museums of Wilson Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in September 1989, 37 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 (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 2023, Science Museums of Wilson Inc reported income of $422k and spending of $458k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $419k to $422k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Science Museums of Wilson Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Kentucky Association of School Councils ($422k), Theater Alliance of Washington DC ($422k) and Theatre Rhinoceros Incorporated ($421k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Other salaries and wages came to $204k. At year end it held assets of $951k against liabilities of $79k, net assets of $872k. It reported 18 employees.