Society of Vertebrate Paleontology

Analysis

Society of Vertebrate Paleontology is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, Society of Vertebrate Paleontology reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Vertebrate Paleontology sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Landmarks Foundation of Montgomery ($1.1m), Louise Graham Regeneration Center Inc ($1.2m) and The Vancouver Symphony Orchestra ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 68% of the total. At year end it held assets of $5.3m against liabilities of $153k, net assets of $5.2m.