Smithtown Historical Society

Analysis

Smithtown Historical Society is a registered charity in United States, based in Smithtown, NY. It received its IRS tax-exemption ruling in February 1959, 67 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, Smithtown Historical Society reported income of $419k and spending of $436k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $590k to $419k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income rose by 66%. 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, Smithtown 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 64th percentile within NY. Charities of a similar size with the same main cause include Norway Hall Foundation a Non Profit California Corporation ($419k), Chester Housing Initiatives Inc ($419k) and Sanctuary Art Center ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 18% of the total. Other salaries and wages came to $139k. At year end it held assets of $2.8m against liabilities of $18k, net assets of $2.8m. It reported 8 employees.