Minnesota Gerontological Society

Analysis

Minnesota Gerontological Society is a registered charity in United States, based in Rosemont, MN. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover social science, 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 December 2023, Minnesota Gerontological Society reported income of $93k and spending of $136k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $93k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Gerontological Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Texas Lakes Trail ($93k), Sea Cliff Chamber Players Inc ($93k) and Pennwriters Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $37k (27% of expenses). At year end it held assets of $220k against liabilities of $0, net assets of $220k.