Achievement Rewards for College Scientists Foundation Inc Los Ange

Analysis

Achievement Rewards for College Scientists Foundation Inc Los Ange is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in December 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Achievement Rewards for College Scientists Foundation Inc Los Ange reported income of $226k and spending of $617k, spending 273% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $226k (-79%), an average of -41% a year. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Achievement Rewards for College Scientists Foundation Inc Los Ange sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include You Can Make It Homeownership Center Inc ($226k), Bethesda-Chevy Chase High School Educational Foundation Inc ($226k) and Institute of Arts Music & Science a California Non Profit Public Ben ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 9.2% of the total. Other salaries and wages came to $44k. At year end it held assets of $6.6m against liabilities of $961, net assets of $6.6m. It reported 1 employees.