Geer Corporation

Analysis

Geer Corporation is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 September 2023, Geer Corporation reported income of $894k and spending of $1.5m, spending 164% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $894k (-28%), an average of -7.9% a year. The sharpest change came in the year to September 2023, when income dropped by 34%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geer Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Rutland Area Christian School ($894k), Presbyterian Homes of Tampa Inc ($894k) and Boys and Girls Club of Cleveland County Inc ($894k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $240k (16% of expenses). Other salaries and wages came to $857k. At year end it held assets of $1.7m against liabilities of $883k, net assets of $852k. It reported 12 employees.