Molecular Sciences Research Center Inc

Analysis

Molecular Sciences Research Center Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in November 2022, 4 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Molecular Sciences Research Center Inc reported income of $2.7m and spending of $1.7m, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $525k to $2.7m (+422%), an average of +422% a year. The sharpest change came in the year to June 2023, when income rose by 422%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Molecular Sciences Research Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within PR. Charities of a similar size with the same main cause include Apollos Fire Baroque ($2.7m), Brooklyn Arts Exchange Inc ($2.7m) and Strings Music Festival ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $426k. At year end it held assets of $3.0m against liabilities of $6.0m, net assets of -$3.0m. It reported 15 employees.