Society for Mining Metallurgy and Exploration Inc

Analysis

Society for Mining Metallurgy and Exploration Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in December 1984, 42 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 September 2023, Society for Mining Metallurgy and Exploration Inc reported income of $14.9m and spending of $15.4m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.1m to $14.9m (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2022, when income rose by 22%. 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, Society for Mining Metallurgy and Exploration Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include North Carolina Symphony Society Inc ($14.9m), Terc Inc ($14.9m) and One Club for Creativity Inc ($14.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.2% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.0m (6.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $34.0m against liabilities of $5.3m, net assets of $28.7m. It reported 54 employees.