North American Mycological Assn

Analysis

North American Mycological Assn is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in June 1967, 59 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, North American Mycological Assn reported income of $59k and spending of $55k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $57k to $59k (+2.4%), an average of +2.4% a year. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North American Mycological Assn sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include American Society of Music Arrangers and Composers ($59k), Meadowlark Christian School ($59k) and Gilbert Hart Library Association ($59k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $12k (22% of expenses). Other salaries and wages came to $4,750. It paid $1,230 in professional fundraising fees. At year end it held assets of $575k against liabilities of $233k, net assets of $341k.