Annual Reviews

Analysis

Annual Reviews is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Annual Reviews reported income of $18.3m and spending of $21.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $18.3m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annual Reviews 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 97th percentile within CA. Charities of a similar size with the same main cause include Union Station Kansas City Inc ($18.3m), Capital of Texas Public Telecommunications Council ($18.4m) and National Corvette Museum Foundation Inc ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. Compensation of current officers, directors and key employees was $2.7m (13% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $5.4m against liabilities of $6.8m, net assets of -$1.4m. It reported 125 employees.