Foundation for Advancing Science Technology Education

Analysis

Foundation for Advancing Science Technology Education is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Foundation for Advancing Science Technology Education reported income of $3.8m and spending of $1.3m, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $697k to $3.8m (+448%), an average of +134% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Advancing Science Technology Education sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Columbus Regional Shelter for Victims of Domestic Violence Inc ($3.8m), Dermatology Foundation ($3.8m) and St John Arc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $436k. At year end it held assets of $4.1m against liabilities of $346, net assets of $4.1m. It reported 5 employees.