Academics for the Future of Science Incorporated

Analysis

Academics for the Future of Science Incorporated is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in January 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Academics for the Future of Science Incorporated reported income of $123k and spending of $123k, spending 100% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $1,600 to $123k (+7580%), an average of +7580% a year. The sharpest change came in the year to October 2023, when income rose by 7580%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academics for the Future of Science Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Parallel Exit Inc ($123k), Resilient Navigation and Timing Foundation Inc ($123k) and Living Bible Museum Inc ($123k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.