Hanover Area Historical Society

Analysis

Hanover Area Historical Society is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in December 1966, 60 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 August 2023, Hanover Area Historical Society reported income of $481k and spending of $311k, leaving 35% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $347k to $481k (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2023, when income rose by 108%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanover Area 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 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Redfield South Housing Development Fund Company Inc ($481k), Catonsville Emergency Assistance Inc ($481k) and Oregon Association of Hospital Research and Education Foundation ($481k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $57k. At year end it held assets of $3.3m against liabilities of $1,565, net assets of $3.3m. It reported 3 employees.