Northern Virginia Science Center Foundation

Analysis

Northern Virginia Science Center Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in February 2005, 21 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 June 2023, Northern Virginia Science Center Foundation reported income of $4.5m and spending of $2.8m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.8m to $4.5m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 338%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Virginia Science Center Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Harrisburg Symphony Association ($4.5m), United We Pledge ($4.5m) and American Documentary Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $118k (4.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $14.8m against liabilities of $407k, net assets of $14.3m. It reported 65 employees.