Federalsburg Historical Society Inc

Analysis

Federalsburg Historical Society Inc is a registered charity in United States, based in Federalsburg, MD. It received its IRS tax-exemption ruling in October 2004, 22 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, Federalsburg Historical Society Inc reported income of $88k and spending of $68k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $88k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federalsburg Historical Society Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Fort Wayne Firefighters Museum Inc ($88k), Dan and Rose McNeil Foundation Inc ($88k) and Alaska Veterans Museum ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.