Prince William Sound Science & Technology Institute

Analysis

Prince William Sound Science & Technology Institute is a registered charity in United States, based in Cordova, AK. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 September 2023, Prince William Sound Science & Technology Institute reported income of $9.9m and spending of $6.5m, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.2m to $9.9m (+135%), an average of +24% a year. The sharpest change came in the year to September 2021, when income rose by 164%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prince William Sound Science & Technology Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include Northwest Classical Academy Inc ($9.9m), Hospice of Kankakee Valley Inc ($9.9m) and Mercy Multiplied America Inc ($9.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $282k (4.3% of expenses). Other salaries and wages came to $853k. At year end it held assets of $28.0m against liabilities of $1.5m, net assets of $26.5m. It reported 34 employees.