California Science Center Foundation

Analysis

California Science Center Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1959, 67 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California Science Center Foundation reported income of $77.5m and spending of $93.7m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.2m to $77.5m (+141%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 439%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Science Center Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include New York City Ballet Inc ($77.4m), Academy Foundation ($78.7m) and University Corporation for Advanced Internet Development ($77.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $450k (0.5% of expenses). Other salaries and wages came to $7.5m. It paid $90k in professional fundraising fees. At year end it held assets of $362.6m against liabilities of $215.4m, net assets of $147.2m. It reported 330 employees.