Historical Society of Montgomery County

Analysis

Historical Society of Montgomery County is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Historical Society of Montgomery County reported income of $288k and spending of $316k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $288k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 85% 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 Montgomery County sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Vishal Raju Bhagat Foundation ($288k), Southeastern Minnesota Youth Orchestra Inc ($288k) and Jackson Art Center ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $73k (23% of expenses). Other salaries and wages came to $6,232. At year end it held assets of $3.5m against liabilities of $600, net assets of $3.5m. It reported 3 employees.