The Micropaleontology Press Foundation Inc

Analysis

The Micropaleontology Press Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 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, The Micropaleontology Press Foundation Inc reported income of $246k and spending of $296k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $305k to $246k (-19%), an average of -5.2% a year. 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, The Micropaleontology Press Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Society of the Cincinnati of Maryland ($246k), Association of Symbolic Logic ($246k) and Wasatch Sunshine Terrace Supportfoundation ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $12k (4.1% of expenses). Other salaries and wages came to $150k. At year end it held assets of $85k against liabilities of $103k, net assets of -$18k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.