Science for America Inc

Analysis

Science for America Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 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 (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, Science for America Inc reported income of $16.8m and spending of $3.4m, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $648k to $16.8m (+2498%), an average of +2498% a year. The sharpest change came in the year to December 2023, when income rose by 2498%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Science for America Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Atlantic Theater Company ($16.8m), Oregon Symphony Association ($16.9m) and Storycorps Inc ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $401k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $14.9m against liabilities of $1.4m, net assets of $13.5m. It reported 9 employees.