Mineralogical Society of America

Analysis

Mineralogical Society of America is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in January 1960, 66 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, Mineralogical Society of America reported income of $1.8m and spending of $1.9m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mineralogical Society of America sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Culture House ($1.8m), Works and Process Inc ($1.8m) and Chittenden Community Television ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $105k (5.5% of expenses). Other salaries and wages came to $408k. At year end it held assets of $5.7m against liabilities of $1.7m, net assets of $4.0m. It reported 7 employees.