Geoparadise Inc

Analysis

Geoparadise Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, 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, Geoparadise Inc reported income of $73k and spending of $150k, spending 207% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $73k (-94%), an average of -51% a year. The sharpest change came in the year to June 2021, when income dropped by 91%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geoparadise Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Toledo Firefighters Museum Inc ($73k), Oregon Academy of Family Physicians Foundation ($73k) and Colorado Korean Chorus ($73k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $158k against liabilities of $503k, net assets of -$345k.

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.