Lycoming County Historical Society

Analysis

Lycoming County Historical Society is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in June 1956, 70 years ago. 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 March 2024, Lycoming County Historical Society reported income of $474k and spending of $468k, spending 99% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $331k to $474k (+43%), an average of +9.4% a year. The sharpest change came in the year to March 2022, when income rose by 51%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lycoming County Historical Society sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include South Carolina Cancer Alliance ($474k), Davie School Foundation Inc ($474k) and Arts & Scraps ($474k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $52k (11% of expenses). Other salaries and wages came to $140k. At year end it held assets of $2.7m against liabilities of $43k, net assets of $2.6m. It reported 7 employees.