The Foundation for Advancements in Science and Education

Analysis

The Foundation for Advancements in Science and Education is a registered charity in United States, based in Altadena, CA. It received its IRS tax-exemption ruling in October 1982, 44 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 December 2023, The Foundation for Advancements in Science and Education reported income of $479k and spending of $518k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $623k to $479k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Foundation for Advancements in Science and Education sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Workshop 13 Inc ($479k), Hyde Park Jazz Festival ($479k) and Harmony Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $150k. At year end it held assets of $59k against liabilities of $414k, net assets of -$355k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.