Historical Society of Princeton New Jersey

Analysis

Historical Society of Princeton New Jersey is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in April 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historical Society of Princeton New Jersey reported income of $787k and spending of $846k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $527k to $787k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Princeton New Jersey 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 NJ. Charities of a similar size with the same main cause include Brazos 2020 Vision Inc ($786k), Alarm Will Sound Inc ($787k) and Tacoma City Ballet ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $236k. At year end it held assets of $7.8m against liabilities of $192k, net assets of $7.6m. It reported 12 employees.