Oak Crest Institute of Science

Analysis

Oak Crest Institute of Science is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in November 1998, 28 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, Oak Crest Institute of Science reported income of $7.8m and spending of $6.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $7.8m (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oak Crest Institute of Science sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Henry Morrison Flagler Museum ($7.8m), The Heritage Foundation of Williamson County TN ($7.8m) and Science History Institute ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $376k (5.6% of expenses). Other salaries and wages came to $980k. At year end it held assets of $6.2m against liabilities of $3.0m, net assets of $3.2m. It reported 23 employees.