Endowment for McWane Science Center

Analysis

Endowment for McWane Science Center is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in December 1997, 29 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Endowment for McWane Science Center reported income of $259k and spending of $213k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $259k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 400%. Over the whole period it spent 164% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Endowment for McWane Science Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Break a Leg Theater Works Inc ($259k), Relentless Academy ($259k) and Arlington Artist Alliance ($259k).

At year end it held assets of $5.0m against liabilities of $190k, net assets of $4.8m.