Tucson Gem and Mineral Society Inc

Analysis

Tucson Gem and Mineral Society Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1966, 60 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 June 2024, Tucson Gem and Mineral Society Inc reported income of $778k and spending of $878k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $953k to $778k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 1572%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tucson Gem and Mineral Society Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include World Gastroenterology Organisation ($778k), United Way of Bradford County ($778k) and Prince Edward Graves Homes Inc ($778k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Other salaries and wages came to $111k. At year end it held assets of $727k against liabilities of $0, net assets of $727k. It reported 2 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.