Gloucester County Historical Society

Analysis

Gloucester County Historical Society is a registered charity in United States, based in Woodbury, NJ. It received its IRS tax-exemption ruling in April 1926, 100 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 April 2023, Gloucester County Historical Society reported income of $130k and spending of $245k, spending 189% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $121k to $130k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to April 2022, when income rose by 33%. Over the whole period it spent 172% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester County Historical Society sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include California Federation of Mineralogical Societies Inc ($130k), Music in Urban Schools Inspiring Change ($130k) and Cimarron Circuit Opera Company ($130k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 76% and program service revenue 2.4% of the total. Other salaries and wages came to $55k. At year end it held assets of $2.1m against liabilities of $176k, net assets of $2.0m. It reported 5 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.