Geothermal Resources Council

Analysis

Geothermal Resources Council is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Geothermal Resources Council reported income of $2.5m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $1.1m to $2.5m (+130%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geothermal Resources Council sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Brava for Women in the Arts ($2.5m), One World Project - Brooklyn ($2.5m) and National Vietnam War Museum Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $153k (6.7% of expenses). Other salaries and wages came to $156k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 4 employees.