Geophysical Society of Houston

Analysis

Geophysical Society of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2024, Geophysical Society of Houston reported income of $276k and spending of $289k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $315k to $276k (-13%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geophysical Society of Houston sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Hillsdale Community Theatre Inc ($276k), Israfest Foundation Inc ($276k) and Bare Bait Dance ($276k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $70k. At year end it held assets of $675k against liabilities of $5,670, net assets of $669k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.