Historical Society of the Phoenixville Area

Analysis

Historical Society of the Phoenixville Area is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in April 1982, 44 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 August 2023, Historical Society of the Phoenixville Area reported income of $466k and spending of $92k, leaving 80% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $129k to $466k (+263%), an average of +90% a year. The sharpest change came in the year to August 2023, when income rose by 186%. Over the whole period it spent 29% 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 the Phoenixville Area sits at the 76th percentile: it is larger than about 76% 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 Bosque Museum ($466k), Riverside Arts Council ($466k) and Ashland Theater Foundation ($466k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.0m against liabilities of $1,000, net assets of $1.0m.