Old York Historical Society

Analysis

Old York Historical Society is a registered charity in United States, based in York, ME. It received its IRS tax-exemption ruling in June 1984, 42 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, Old York Historical Society reported income of $410k and spending of $748k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $410k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old York Historical Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include United Workers Association Inc ($410k), Pennsylvania Elks Major Project Trust Fund ($410k) and Parents for Public Schools Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $72k (9.6% of expenses). Other salaries and wages came to $202k. At year end it held assets of $9.6m against liabilities of $38k, net assets of $9.5m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.