Pisgah Astronomical Research Institute

Analysis

Pisgah Astronomical Research Institute is a registered charity in United States, based in Rosman, NC. It received its IRS tax-exemption ruling in January 1999, 27 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, Pisgah Astronomical Research Institute reported income of $1.1m and spending of $1.5m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.1m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pisgah Astronomical Research Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Sebastopol Center for the Arts ($1.1m), Jeanne B McCoy Community Center for the Arts Corporation ($1.1m) and Capital Harmony Works Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Other salaries and wages came to $467k. At year end it held assets of $17.9m against liabilities of $3.2m, net assets of $14.7m. It reported 21 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.