Monmouth County Historical Association

Analysis

Monmouth County Historical Association is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in May 1936, 90 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, Monmouth County Historical Association reported income of $609k and spending of $983k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $609k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monmouth County Historical Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Chamber Dance Project ($608k), Anthropomorphic Arts and Education ($609k) and Industrial Arts Workshop Inc ($608k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $161k (16% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.8m against liabilities of $36k, net assets of $1.8m. It reported 8 employees.