Suffolk County Historical Society

Analysis

Suffolk County Historical Society is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in November 1941, 85 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suffolk County Historical Society reported income of $417k and spending of $555k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $417k (-64%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suffolk County Historical Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Lake Country Playhouse ($417k), Elys Historic State Theater ($417k) and Hope Box Performing Arts ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $215k. At year end it held assets of $2.2m against liabilities of $29k, net assets of $2.2m. It reported 12 employees.