Geoversity Foundation

Analysis

Geoversity Foundation is a registered charity in United States, based in Borrego Springs, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 December 2023, Geoversity Foundation reported income of $847k and spending of $882k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $847k (+223%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geoversity Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Bread Line Inc ($847k), Crawford County Agricultural Society ($847k) and Normandale Lutheran Church Foundation ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $9,947 in professional fundraising fees. At year end it held assets of $45k against liabilities of $18k, net assets of $27k.

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.