Society of Colonial Wars

Analysis

Society of Colonial Wars is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1942, 84 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, Society of Colonial Wars reported income of $85k and spending of $247k, spending 291% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $366k to $85k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Colonial Wars sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Virginia Area Committee of Alcoholics Anonymous Inc ($85k), Islip Breast Cancer Coalition Inc ($85k) and Tipp City Area Arts Council Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 197% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $76k (31% of expenses). At year end it held assets of $4.3m against liabilities of $299k, net assets of $4.0m. It reported 1 employees.