Boca Raton Historical Society Inc

Analysis

Boca Raton Historical Society Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in July 1974, 52 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 September 2023, Boca Raton Historical Society Inc reported income of $3.1m and spending of $898k, leaving 71% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $868k to $3.1m (+255%), an average of +53% a year. The sharpest change came in the year to September 2023, when income rose by 265%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boca Raton Historical Society Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include East Bay Performing Arts ($3.1m), Museum of Contemporary Art Inc ($3.1m) and Glenwood Cemetery Historic Preservation Foundation ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Other salaries and wages came to $337k. At year end it held assets of $9.2m against liabilities of $36k, net assets of $9.2m. It reported 7 employees.