Eureka Society

Analysis

Eureka Society is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Eureka Society reported income of $130k and spending of $45k, leaving 65% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $68k to $130k (+90%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 237%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eureka Society sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Oconee United Ministries ($130k), Sisters of Ivy Educational Foundation Incorporated ($130k) and Acts of Hope Inc ($130k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $18k (40% of expenses). At year end it held assets of $716k against liabilities of $1,005, net assets of $715k. It reported 1 employees.