Shelter Island Historical Society

Analysis

Shelter Island Historical Society is a registered charity in United States, based in Shelter Island, NY. It received its IRS tax-exemption ruling in November 1967, 59 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, Shelter Island Historical Society reported income of $433k and spending of $653k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $433k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 71%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shelter Island Historical Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include New Eyes for the Needy Inc ($433k), Advocare Trust Inc ($433k) and Oriskany Falls Housing Development Fund ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Other salaries and wages came to $253k. At year end it held assets of $5.1m against liabilities of $32k, net assets of $5.1m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.