Herkimer County Historical Society

Analysis

Herkimer County Historical Society is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in February 1975, 51 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, Herkimer County Historical Society reported income of $120k and spending of $133k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $120k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Herkimer County Historical Society sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Ballet Afsaneh Art and Culture Soci Ety ($120k), Methacton Community Theater Inc ($120k) and Jubilee Community Arts Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 19% of the total. Other salaries and wages came to $63k. At year end it held assets of $736k against liabilities of $2,046, net assets of $734k. It reported 2 employees.