Eastern Apicultural Society of North America Inc

Analysis

Eastern Apicultural Society of North America Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in January 1968, 58 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 December 2023, Eastern Apicultural Society of North America Inc reported income of $227k and spending of $189k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $227k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 455%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Apicultural Society of North America Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include New Horizons Inc ($227k), Rise Up Woman International ($227k) and From the Ground Up Farms Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $6,000 (3.2% of expenses). At year end it held assets of $544k against liabilities of $55k, net assets of $488k.