Newstead Historical Society

Analysis

Newstead Historical Society is a registered charity in United States, based in Akron, NY. It received its IRS tax-exemption ruling in February 1989, 37 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, Newstead Historical Society reported income of $53k and spending of $26k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $53k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newstead Historical Society sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include PTA New York Congress ($53k), The Clay County Hospital Foundation ($53k) and Lombard Lilac Festival Parade Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 10% of the total. At year end it held assets of $854k against liabilities of $0, net assets of $854k.