Houston Gem and Mineral Society

Analysis

Houston Gem and Mineral Society is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1960, 66 years ago. 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 2023, Houston Gem and Mineral Society reported income of $71k and spending of $114k, spending 161% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $71k (+4.3%), an average of +2.1% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Gem and Mineral Society sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Rutherford PTA ($71k), Hart Luck Good Ride LLC ($71k) and The Ephraim Bahar Cultural Center ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $343k against liabilities of $824, net assets of $342k.