Sodus Bay Historical Society

Analysis

Sodus Bay Historical Society is a registered charity in United States, based in Sodus Point, NY. It received its IRS tax-exemption ruling in August 1992, 34 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, Sodus Bay Historical Society reported income of $114k and spending of $112k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $167k to $114k (-32%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sodus Bay Historical Society sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Alamosa Senior Citizens Inc ($114k), Gilbert Stuart Memorial Inc ($114k) and Hopkinton Public Library Foundation of Hopkinton NH ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 14% of the total. Other salaries and wages came to $55k. At year end it held assets of $333k against liabilities of $1,026, net assets of $332k. It reported 3 employees.