Seismological Society of America

Analysis

Seismological Society of America is a registered charity in United States, based in Albany, CA. It received its IRS tax-exemption ruling in July 1964, 62 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 January 2024, Seismological Society of America reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $2.7m to $3.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to January 2022, when income rose by 85%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seismological Society of America sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Cenla Community Action Committee Inc ($3.4m), Michigan Energy Options Fka Urban Options ($3.4m) and Charidy Foundation ($3.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $301k (9.5% of expenses). Other salaries and wages came to $379k. At year end it held assets of $7.0m against liabilities of $1.3m, net assets of $5.7m. It reported 8 employees.