Paleontological Research Institution

Analysis

Paleontological Research Institution is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in September 1951, 75 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 June 2023, Paleontological Research Institution reported income of $3.4m and spending of $3.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 58%. 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, Paleontological Research Institution sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Montessori Education Centers Associated Inc ($3.4m), Alcohol and Drug Awareness Program ($3.4m) and Meher Spiritual Center Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $8.7m against liabilities of $3.1m, net assets of $5.6m. It reported 64 employees.