Rye Historical Society

Analysis

Rye Historical Society is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in September 1964, 62 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, Rye Historical Society reported income of $135k and spending of $229k, spending 170% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $203k to $135k (-34%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rye Historical Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include United States Parents Involved in Education ($135k), Starkville Community Theatre Inc ($135k) and PTA California Congress of Parents Teachers & Students Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $24k (11% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.1m. It reported 7 employees.