New Mexico Geological Society Foundation Inc

Analysis

New Mexico Geological Society Foundation Inc is a registered charity in United States, based in Socorro, NM. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Mexico Geological Society Foundation Inc reported income of $142k and spending of $76k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $142k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Geological Society Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Fear No Music ($142k), Villagers Inc ($142k) and Joint Alumni Association of Chinese Universities in Northern Californi ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.