Mineralogical Record Inc

Analysis

Mineralogical Record Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in April 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mineralogical Record Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $955k to $1.0m (+7.2%), an average of +1.7% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mineralogical Record Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Cameron Childrens Development Center Inc ($1.0m), Brookline Cable Community Trust Inc ($1.0m) and Symphony of Southeast Texas Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $369k (33% of expenses). Other salaries and wages came to $129k. At year end it held assets of $2.1m against liabilities of $599k, net assets of $1.5m. It reported 5 employees.