Southold Historical Society Inc

Analysis

Southold Historical Society Inc is a registered charity in United States, based in Southold, NY. It received its IRS tax-exemption ruling in March 1962, 64 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, Southold Historical Society Inc reported income of $362k and spending of $416k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $362k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southold Historical Society Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Advent Episcopal Day School Charitable Endowment Trust ($362k), Clara Barton Hospital Foundation Inc ($362k) and Little League Baseball Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 1.4% of the total. Other salaries and wages came to $196k. At year end it held assets of $3.0m against liabilities of $9,946, net assets of $3.0m. It reported 6 employees.