Leroy Historical Society

Analysis

Leroy Historical Society is a registered charity in United States, based in Leroy, NY. It received its IRS tax-exemption ruling in December 1945, 81 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 December 2023, Leroy Historical Society reported income of $161k and spending of $138k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $161k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leroy Historical Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include The Pointe Coupee Historical Society Inc ($161k), Nanticoke Historic Preservationalliance Inc ($161k) and Bremerton Symphony Association Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 1.1% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.2m against liabilities of $2,998, net assets of $1.2m. It reported 6 employees.