Science Spectrum

Analysis

Science Spectrum is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 1987, 39 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 December 2023, Science Spectrum reported income of $3.2m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 225%. Over the whole period it spent 78% 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 sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include The Dramatists Guild Fund Inc ($3.2m), Paine Art Center & Gardens Inc ($3.2m) and Geological Society of America Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 34% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $20.1m against liabilities of $160k, net assets of $19.9m. It reported 12 employees.