Students for the Exploration and Development of Space USA

Analysis

Students for the Exploration and Development of Space USA is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Students for the Exploration and Development of Space USA reported income of $166k and spending of $186k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $166k (-86%), an average of -63% a year. The sharpest change came in the year to December 2022, when income dropped by 88%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Students for the Exploration and Development of Space USA sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Emergency Nurses Association ($166k), Saint Joseph Montessori School Inc ($166k) and Recreation Vehicle Safety Foundation ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $10k (5.4% of expenses). At year end it held assets of $1.5m against liabilities of $44k, net assets of $1.5m.