Town of Newfane Historical Society Inc

Analysis

Town of Newfane Historical Society Inc is a registered charity in United States, based in Newfane, NY. It received its IRS tax-exemption ruling in April 1978, 48 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, Town of Newfane Historical Society Inc reported income of $56k and spending of $40k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $56k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Town of Newfane Historical Society Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($56k), Lytle Creek Community Center ($56k) and Historical Jonesboro-Clayton Co Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $296k against liabilities of $0, net assets of $296k.