Geological Society Of America Inc
Geological Society Of America Inc maintains stable finances with growing assets and no reported officer compensation.
EIN: 131659623 · Boulder, CO · NTEE: U03 · Updated: 2026-03-28
Is Geological Society Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Geological Society Of America Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Geological Society Of America Inc
Geological Society Of America Inc (EIN: 131659623) is a nonprofit organization based in Boulder, CO, classified under NTEE code U03. The organization reported total revenue of $32.0M and total assets of $53.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geological Society Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Geological Society Of America Inc is a large nonprofit that has been operating for 94 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.7M |
| Total Expenses | $10.7M |
| Surplus / Deficit | +$27K |
| Total Assets | $50.1M |
| Total Liabilities | $3.0M |
| Net Assets | $47.0M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 56.3 months |
Financial Health Grade: A
In 2023, Geological Society Of America Inc reported a surplus of $27K with revenue exceeding expenses, holds 56.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Geological Society Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.9% | +19.2% | +4.6% |
| 2022 | +93.3% | +25.5% | +10.5% |
| 2021 | -5.1% | -24.7% | +19.9% |
| 2020 | -7.3% | +4.2% | -3.8% |
| 2019 | -0.2% | -2.4% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1932 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Geological Society Of America Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Geological Society Of America Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $10 million in annual revenue and over $50 million in assets. This suggests either a fully volunteer executive leadership or that executive compensation is reported under other expense categories, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Geological Society Of America Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive compensation reporting.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Geological Society Of America Inc:
- Strong and consistent asset growth, increasing from $32.4M in 2014 to $50.0M in 2023.
- Low liabilities relative to assets, indicating good financial solvency ($3.0M liabilities vs. $50.0M assets in 2023).
- Generally stable operational performance with revenues consistently covering expenses over the long term.
- Significant revenue generation capacity, as evidenced by the $16.9M revenue in 2022.
Frequently Asked Questions about Geological Society Of America Inc
Is Geological Society Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Geological Society Of America Inc (EIN: 131659623) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Geological Society Of America Inc spend its money?
Geological Society Of America Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Geological Society Of America Inc tax-deductible?
Geological Society Of America Inc is registered as a tax-exempt nonprofit (EIN: 131659623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Geological Society Of America Inc manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It could indicate that executive leadership is entirely volunteer-based, or that compensation for top executives is categorized under other expense lines, such as salaries for key employees, rather than 'officer compensation' as defined by the IRS 990, which would warrant further investigation for full transparency.
What caused the significant revenue increase in 2022?
In 2022, the organization's revenue jumped to $16,971,605 from $8,778,351 in 2021. This significant increase, nearly doubling the previous year's revenue, suggests a successful major fundraising event, a large grant, or an exceptional year for membership dues/conference income. Further details from the 2022 filing would be needed to pinpoint the exact cause.
Is the organization financially stable given its asset growth?
Yes, the organization appears financially stable. Its assets have grown consistently from $32,447,536 in 2014 to $50,072,117 in 2023, while liabilities remain relatively low ($3,024,128 in 2023). This indicates a healthy balance sheet and strong capacity to sustain its operations and mission.
Filing History
IRS 990 filing history for Geological Society Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Geological Society Of America Inc's revenue has grown by 42.2%, moving from $7.5M to $10.7M. Total assets increased by 85% over the same period, from $27.1M to $50.1M. Total functional expenses rose by 39.5%, from $7.7M to $10.7M. In its most recent filing year (2023), Geological Society Of America Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $50.1M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $47.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.7M | $10.7M | $50.1M | $3.0M | — | — |
| 2022 | $17.0M | $9.0M | $47.9M | $3.1M | — | View 990 |
| 2021 | $8.8M | $7.1M | $43.3M | $1.9M | — | View 990 |
| 2020 | $9.2M | $9.5M | $36.1M | $2.1M | — | View 990 |
| 2019 | $10.0M | $9.1M | $37.6M | $2.5M | — | View 990 |
| 2018 | $10.0M | $9.3M | $35.9M | $2.0M | — | View 990 |
| 2017 | $9.7M | $9.1M | $34.7M | $2.5M | — | View 990 |
| 2016 | $10.9M | $10.4M | $32.0M | $2.5M | — | View 990 |
| 2015 | $12.0M | $10.7M | $32.6M | $2.2M | — | View 990 |
| 2014 | $13.5M | $9.8M | $32.4M | $2.3M | — | View 990 |
| 2013 | $8.0M | $8.7M | $28.6M | $2.3M | — | View 990 |
| 2012 | $8.9M | $8.3M | $27.0M | $2.2M | — | View 990 |
| 2011 | $7.5M | $7.7M | $27.1M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.7M, expenses of $10.7M, and assets of $50.1M (revenue -36.9% year-over-year).
- 2022: Revenue of $17.0M, expenses of $9.0M, and assets of $47.9M (revenue +93.3% year-over-year).
- 2021: Revenue of $8.8M, expenses of $7.1M, and assets of $43.3M (revenue -5.1% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.5M, and assets of $36.1M (revenue -7.3% year-over-year).
- 2019: Revenue of $10.0M, expenses of $9.1M, and assets of $37.6M (revenue -0.2% year-over-year).
- 2018: Revenue of $10.0M, expenses of $9.3M, and assets of $35.9M (revenue +2.6% year-over-year).
- 2017: Revenue of $9.7M, expenses of $9.1M, and assets of $34.7M (revenue -10.9% year-over-year).
- 2016: Revenue of $10.9M, expenses of $10.4M, and assets of $32.0M (revenue -8.9% year-over-year).
- 2015: Revenue of $12.0M, expenses of $10.7M, and assets of $32.6M (revenue -10.8% year-over-year).
- 2014: Revenue of $13.5M, expenses of $9.8M, and assets of $32.4M (revenue +67.9% year-over-year).
- 2013: Revenue of $8.0M, expenses of $8.7M, and assets of $28.6M (revenue -9.9% year-over-year).
- 2012: Revenue of $8.9M, expenses of $8.3M, and assets of $27.0M (revenue +18.2% year-over-year).
- 2011: Revenue of $7.5M, expenses of $7.7M, and assets of $27.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Geological Society Of America Inc:
Data Sources and Methodology
This transparency report for Geological Society Of America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.