Salem County Historical Society

Analysis

Salem County Historical Society is a registered charity in United States, based in Salem, NJ. It received its IRS tax-exemption ruling in July 1963, 63 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, Salem County Historical Society reported income of $333k and spending of $281k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $333k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salem County Historical Society sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Nebraska Music Education Association ($333k), Ann Arbor Street Art Fair Inc ($333k) and Forbes Avenue Foundation ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 0.3% of the total. Other salaries and wages came to $104k. At year end it held assets of $4.8m against liabilities of $13k, net assets of $4.8m. It reported 6 employees.