Block Island Historical Society

Analysis

Block Island Historical Society is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in October 1967, 59 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, Block Island Historical Society reported income of $161k and spending of $212k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $161k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Block Island Historical Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within RI. Charities of a similar size with the same main cause include Young Patronesses of the Opera Inc ($161k), Flint Hills Shakespeare Festival Inc ($161k) and The Tarzana Community and Cultural Center ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 16% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.7m against liabilities of $60k, net assets of $1.6m. It reported 8 employees.