Science Friday Initiative Inc
Science Friday Initiative Inc. shows strong asset growth and zero officer compensation, despite a recent annual deficit.
EIN: 134252173 · New York, NY · NTEE: U30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $3.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $5.8M |
| Transparency Score | 90/100 |
Is Science Friday Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Science Friday Initiative Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Science Friday Initiative Inc
Science Friday Initiative Inc (EIN: 134252173) is a nonprofit organization based in New York, NY, classified under NTEE code U30. The organization reported total revenue of $5.4M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Science Friday Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Science Friday Initiative Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-331,921 |
| Total Assets | $7.6M |
| Total Liabilities | $1.8M |
| Net Assets | $5.8M |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 24.1% |
| Months of Reserves | 30.8 months |
Financial Health Grade: B
In 2023, Science Friday Initiative Inc reported a deficit of $332K with expenses exceeding revenue, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 24.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Science Friday Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.3% | +110.1% | -8.6% |
| 2022 | -40.1% | -56.2% | +16.8% |
| 2021 | -14.6% | -1.4% | +18.2% |
| 2020 | -2.8% | +9.4% | +9.2% |
| 2019 | +38.5% | +7.5% | +34.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Science Friday Initiative Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Science Friday Initiative Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $332K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.1%.
Executive Compensation Analysis
Executive compensation is exceptionally lean, with 0% officer compensation reported across all 13 available IRS 990 filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with assets exceeding $7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Science Friday Initiative Inc's IRS 990 filings:
- Expenses exceeded revenue in the 202306 period by $331,921, indicating an annual operating deficit.
- Significant increase in liabilities to $1,821,660 in 202306, which warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Science Friday Initiative Inc:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating exceptional efficiency in executive pay.
- Strong and consistent growth in assets, from $2,566,097 in 201412 to $7,574,101 in 202306.
- Robust revenue generation, with latest reported revenue of $5,441,884.
- Long history of IRS 990 filings (13 periods), demonstrating strong transparency and compliance.
Frequently Asked Questions about Science Friday Initiative Inc
Is Science Friday Initiative Inc a legitimate charity?
Science Friday Initiative Inc (EIN: 134252173) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Science Friday Initiative Inc spend its money?
Science Friday Initiative Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Science Friday Initiative Inc tax-deductible?
Science Friday Initiative Inc is registered as a tax-exempt nonprofit (EIN: 134252173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Science Friday Initiative Inc CEO make?
Science Friday Initiative Inc's highest-compensated officer earns $7 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Science Friday Initiative Inc's spending goes to programs?
Science Friday Initiative Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Science Friday Initiative Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Science Friday Initiative Inc is above average for NTEE category U30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Science Friday Initiative Inc located?
Science Friday Initiative Inc is headquartered in New York, New York and files with the IRS under EIN 134252173. It is classified under NTEE code U30.
How many years of IRS 990 filings does Science Friday Initiative Inc have?
Science Friday Initiative Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Is Science Friday Initiative Inc. a good charity?
Based on the provided data, Science Friday Initiative Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue generation, and an exceptional commitment to directing resources to its mission by reporting 0% officer compensation across all filings. While there was a deficit in the 202306 period, the overall trend and lack of executive pay are strong positive indicators.
How has Science Friday Initiative Inc.'s financial health changed over time?
The organization's financial health has generally improved over time, with assets growing from $2,566,097 in 201412 to $7,574,101 in 202306. Revenue has fluctuated but remained substantial, with a latest reported revenue of $5,441,884. While there was a deficit in 202306, the long-term trend shows financial stability and growth.
What is the significance of 0% officer compensation?
The 0% officer compensation across all 13 filings is highly significant. It suggests that the organization's leadership either volunteers their time, is compensated through other means not classified as 'officer compensation' (e.g., as employees), or that the organization has a unique operational structure. From a donor perspective, it indicates that a very high proportion of funds are likely directed towards program delivery rather than executive salaries, which is a strong positive for efficiency.
Filing History
IRS 990 filing history for Science Friday Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Science Friday Initiative Inc's revenue has grown by 141.3%, moving from $1.1M to $2.6M. Total assets increased by 321.8% over the same period, from $1.8M to $7.6M. Total functional expenses rose by 420%, from $568K to $3.0M. In its most recent filing year (2023), Science Friday Initiative Inc reported a deficit of $332K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $7.6M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.0M | $7.6M | $1.8M | — | View 990 |
| 2022 | $2.0M | $1.4M | $8.3M | $2.3M | — | View 990 |
| 2021 | $3.3M | $3.2M | $7.1M | $1.2M | — | View 990 |
| 2020 | $3.8M | $3.3M | $6.0M | $408K | — | View 990 |
| 2019 | $3.9M | $3.0M | $5.5M | $353K | — | View 990 |
| 2018 | $2.8M | $2.8M | $4.1M | $114K | — | View 990 |
| 2017 | $2.0M | $3.0M | $4.4M | $131K | — | View 990 |
| 2016 | $3.0M | $2.8M | $5.0M | $141K | — | View 990 |
| 2015 | $4.7M | $2.6M | $4.7M | $135K | — | View 990 |
| 2014 | $2.6M | $2.3M | $2.6M | $128K | — | View 990 |
| 2013 | $2.5M | $2.0M | $2.3M | $127K | — | View 990 |
| 2012 | $1.1M | $1.3M | $1.7M | $102K | — | View 990 |
| 2011 | $1.1M | $568K | $1.8M | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.0M, and assets of $7.6M (revenue +34.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.4M, and assets of $8.3M (revenue -40.1% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.2M, and assets of $7.1M (revenue -14.6% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.3M, and assets of $6.0M (revenue -2.8% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.0M, and assets of $5.5M (revenue +38.5% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.8M, and assets of $4.1M (revenue +39.5% year-over-year).
- 2017: Revenue of $2.0M, expenses of $3.0M, and assets of $4.4M (revenue -32.1% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.8M, and assets of $5.0M (revenue -36.9% year-over-year).
- 2015: Revenue of $4.7M, expenses of $2.6M, and assets of $4.7M (revenue +80.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.3M, and assets of $2.6M (revenue +4.1% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.0M, and assets of $2.3M (revenue +119.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.3M, and assets of $1.7M (revenue +5.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $568K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Science Friday Initiative Inc:
Data Sources and Methodology
This transparency report for Science Friday Initiative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.