Geological Society of America Foundation

Analysis

Geological Society of America Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Geological Society of America Foundation reported income of $3.2m and spending of $2.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $3.2m (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geological Society of America Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Royal Oak Foundation Inc ($3.2m), The Dramatists Guild Fund Inc ($3.2m) and Rye Art Center Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $141k (6.2% of expenses). Other salaries and wages came to $216k. At year end it held assets of $31.9m against liabilities of $567k, net assets of $31.3m. It reported 4 employees.