The Meteoritical Society

Analysis

The Meteoritical Society is a registered charity in United States, based in Del Mar, CA. It received its IRS tax-exemption ruling in January 2014, 12 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 May 2023, The Meteoritical Society reported income of $524k and spending of $296k, leaving 44% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $431k to $524k (+22%), an average of +5.0% a year. The sharpest change came in the year to May 2023, when income rose by 25%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Meteoritical Society sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Carmel Art Association ($524k), Ukrainian Museum-Archive Inc ($524k) and Blackspace Urbanist Collective Inc ($524k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 24% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.