History Center in Tompkins County

Analysis

History Center in Tompkins County is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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 June 2023, History Center in Tompkins County reported income of $762k and spending of $805k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $762k (-35%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, History Center in Tompkins County sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Nami Solano County ($762k), Little League Baseball Inc ($762k) and Roofing Industry Apprenticeship Standards for Kansas City Missouri ($762k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $59k (7.3% of expenses). Other salaries and wages came to $210k. At year end it held assets of $2.6m against liabilities of $79k, net assets of $2.6m. 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.