Historic Restoration Society Inc

Analysis

Historic Restoration Society Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 2007, 19 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 June 2023, Historic Restoration Society Inc reported income of $790k and spending of $487k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $790k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Restoration Society Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Salisbury House Foundation ($790k), Grand Junction Symphony Orchestra ($790k) and Denver Young Artists Orchestra Assoc ($790k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $6.8m against liabilities of $1.5m, net assets of $5.3m.