New Hope Historical Society

Analysis

New Hope Historical Society is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in March 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Historical Society reported income of $174k and spending of $237k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $174k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 565%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Historical Society sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Texas Association of Area Agencies on Aging ($173k), Wat Dhammagunaram of Utah ($174k) and Scenic Texas Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 9.7% of the total. Other salaries and wages came to $73k. At year end it held assets of $954k against liabilities of $16k, net assets of $938k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.