Chemung County Historical Society Inc

Analysis

Chemung County Historical Society Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in June 1970, 56 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 December 2023, Chemung County Historical Society Inc reported income of $906k and spending of $526k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $864k to $906k (+4.8%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 125%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chemung County Historical Society Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Home for Elderly Women of Montgomery County Inc ($906k), Advocacy 31nine ($906k) and Cibc Foundation ($906k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $77k (15% of expenses). Other salaries and wages came to $146k. At year end it held assets of $5.6m against liabilities of $10k, net assets of $5.6m. It reported 11 employees.