Science & Discovery Center of Northwest Florida Inc

Analysis

Science & Discovery Center of Northwest Florida Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in November 1974, 52 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 & Discovery Center of Northwest Florida Inc reported income of $508k and spending of $536k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $886k to $508k (-43%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 103% 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 & Discovery Center of Northwest Florida Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Central Music Academy Inc ($508k), Indiana Falun Dafa Association Incorporated ($508k) and Stoutsburg Sourland African American Museum NP ($508k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Other salaries and wages came to $223k. At year end it held assets of $812k against liabilities of $5,098, net assets of $807k. It reported 35 employees.