Historical Society of Berks County

Analysis

Historical Society of Berks County is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in February 1939, 87 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 June 2023, Historical Society of Berks County reported income of $1.6m and spending of $996k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $674k to $1.6m (+133%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 94% 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 Berks County sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Binghamton Philharmonic Inc ($1.6m), Curajoy ($1.6m) and Institute of Southern Jewish Life Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $86k (8.6% of expenses). Other salaries and wages came to $282k. At year end it held assets of $9.3m against liabilities of $49k, net assets of $9.3m. It reported 10 employees.