Gem and Mineral Society of the Palm Beaches Inc

Analysis

Gem and Mineral Society of the Palm Beaches Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 2011, 15 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 2022, Gem and Mineral Society of the Palm Beaches Inc reported income of $76k and spending of $73k, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $69k to $76k (+11%), an average of +11% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gem and Mineral Society of the Palm Beaches Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Ausable Valley Nor-East-R ($76k), Brander Museum of Folk Art ($76k) and Chinese School of Rochester Inc ($76k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.