Cortland County Historical Society -Inc-

Analysis

Cortland County Historical Society -Inc- is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in February 1953, 73 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cortland County Historical Society -Inc- reported income of $154k and spending of $193k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $154k (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cortland County Historical Society -Inc- sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Historic Kirkwood Train Station Foundation ($154k), Nepal America Sociocultural Exchange Society Inc USA ($154k) and Artistic Dreams International ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $58k (30% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.1m against liabilities of $3,337, net assets of $1.1m. It reported 2 employees.