Paleontological Society

Analysis

Paleontological Society is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in November 1965, 61 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 December 2023, Paleontological Society reported income of $635k and spending of $380k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $635k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paleontological Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Friends of Tucsons Birthplace Inc ($635k), Extensions Dance Co ($635k) and Mid-City Community Music ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 29% of the total. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.