Fallbrook Gem & Mineral Society Inc

Analysis

Fallbrook Gem & Mineral Society Inc is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, 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, Fallbrook Gem & Mineral Society Inc reported income of $210k and spending of $110k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $210k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fallbrook Gem & Mineral Society Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Bay Youth Orchestra of Virginia ($210k), Pumping Station One NFP ($210k) and Orchestra Next ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 1.5% of the total. At year end it held assets of $1.9m against liabilities of $6,406, net assets of $1.9m.