Geochemical Society

Analysis

Geochemical Society is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 1991, 35 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 December 2023, Geochemical Society reported income of $319k and spending of $559k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $466k to $319k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 461%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geochemical Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Danzantes Unidos de California ($319k), Generations in Jazz Foundation ($319k) and Friends of Marble House Project Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 37% of the total. Other salaries and wages came to $5,180. At year end it held assets of $3.6m against liabilities of $113k, net assets of $3.5m. It reported 1 employees.