Historical Society of Cecil County

Analysis

Historical Society of Cecil County is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in July 1970, 56 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 December 2023, Historical Society of Cecil County reported income of $98k and spending of $22k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $98k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Cecil County sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($98k), Avon Old Farms School Foundation TR Ua DTD 050793 ($98k) and Cambridge Senior Center Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 6.3% of the total. At year end it held assets of $528k against liabilities of $5,516, net assets of $523k.