Elementary Institute of Science

Analysis

Elementary Institute of Science is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1969, 57 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 June 2023, Elementary Institute of Science reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.6m (+49%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elementary Institute of Science 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 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Marin Shakespeare Company ($1.6m), Charter Oak Temple Restoration Association Inc ($1.6m) and Illinois RT 66 Heritage Project ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $185k (11% of expenses). Other salaries and wages came to $794k. At year end it held assets of $6.0m against liabilities of $108k, net assets of $5.9m. It reported 41 employees.