Science Spectrum Talkington Endowment

Analysis

Science Spectrum Talkington Endowment is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in January 2011, 15 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 supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Science Spectrum Talkington Endowment reported income of $214k and spending of $300k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $214k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 131% 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 Spectrum Talkington Endowment sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Mohala Hou Foundation ($214k), Jeannette Rankin Peace Resource Center ($214k) and Histiocyte Society ($214k).

At year end it held assets of $4.9m against liabilities of $300k, net assets of $4.6m.

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.