Geoscienceworld

Analysis

Geoscienceworld is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in October 2004, 22 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, Geoscienceworld reported income of $10.2m and spending of $9.3m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.4m to $10.2m (+23%), an average of +7.0% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geoscienceworld 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 95th percentile within VA. Charities of a similar size with the same main cause include Chabot Space & Science Center Foundation ($10.2m), American Council on Renewable Energy-Acore ($10.2m) and Gallo Center for the Arts Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $738k (8.0% of expenses). Other salaries and wages came to $971k. At year end it held assets of $6.9m against liabilities of $5.2m, net assets of $1.7m. It reported 12 employees.