Reading Science Center

Analysis

Reading Science Center is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 2019, 7 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, Reading Science Center reported income of $291k and spending of $368k, spending 126% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $229k to $291k (+27%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reading Science Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Keep Sevier Beautiful ($291k), Everett ($291k) and Berkeley City Ballet ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. Other salaries and wages came to $216k. At year end it held assets of $204k against liabilities of $0, net assets of $204k. It reported 23 employees.