Geological Society of America Inc

Analysis

Geological Society of America Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 1932, 94 years ago. Its declared purposes cover science and technology, 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 June 2023, Geological Society of America Inc reported income of $10.7m and spending of $10.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $10.7m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geological Society of America Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Public Media NJ Inc ($10.7m), Barnes Foundation ($10.7m) and Miami Childrens Museum Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $412k (3.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $50.1m against liabilities of $3.0m, net assets of $47.0m. It reported 44 employees.