Austin Gem & Mineral Society

Analysis

Austin Gem & Mineral Society is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2017, 9 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 (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, Austin Gem & Mineral Society reported income of $83k and spending of $85k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $83k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Gem & Mineral Society sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include LA Canada Playhouse ($83k), Joanna Medawar Nachef Singers ($83k) and Glen Falls Operetta Club Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.