Astrobotic Foundation

Analysis

Astrobotic Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Astrobotic Foundation reported income of $160k and spending of $707k, spending 443% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $500k to $160k (-68%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Astrobotic Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Treffpunkt Inc ($160k), Central Area Youth Association ($160k) and St Andrew Society of Colorado ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $73k (10% of expenses). Other salaries and wages came to $158k. At year end it held assets of $2.3m against liabilities of $18k, net assets of $2.2m. It reported 10 employees.