Genetics Society of America Incorporated

Analysis

Genetics Society of America Incorporated is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1985, 41 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, Genetics Society of America Incorporated reported income of $4.4m and spending of $4.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.4m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genetics Society of America Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Milwaukee Kickers Soccer Club Inc ($4.4m), Kings Schools of the Desert ($4.4m) and YWCA of Eastern Union County ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $518k (13% of expenses). Other salaries and wages came to $929k. At year end it held assets of $15.7m against liabilities of $4.8m, net assets of $10.9m. It reported 19 employees.