Historical Society of Newburgh Bay and the Highlands

Analysis

Historical Society of Newburgh Bay and the Highlands is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in February 1995, 31 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 August 2023, Historical Society of Newburgh Bay and the Highlands reported income of $74k and spending of $59k, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $57k to $74k (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2022, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Newburgh Bay and the Highlands sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Chiaha Guild of Arts and Crafts Ltd ($74k), Marshalltown Community Concert Association ($74k) and Skylark Opera ($74k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $720k against liabilities of -$62, net assets of $720k.