Historical Society of Pennsylvania

Analysis

Historical Society of Pennsylvania is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1928, 98 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 June 2023, Historical Society of Pennsylvania reported income of $4.7m and spending of $3.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.7m (+131%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Pennsylvania sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Veterans Empowerment Organization of Georgia Inc ($4.6m), Wisconsin Youth Company Inc ($4.7m) and Sedona Airport Administration ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $594k (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $31.2m against liabilities of $1.1m, net assets of $30.1m. It reported 32 employees.