Sci2 Corp

Analysis

Sci2 Corp is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sci2 Corp reported income of $57k and spending of $2,784, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12k to $57k (+372%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 13% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sci2 Corp sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Lauren Rose Albert Foundation Inc ($57k), United Way of Washington County Utah Inc ($57k) and Rotary District 6440 Charitable Fund Inc NFP ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $275k against liabilities of $546, net assets of $275k.