Wise County Historical Society Inc

Analysis

Wise County Historical Society Inc is a registered charity in United States, based in Decatur, TX. It received its IRS tax-exemption ruling in November 1971, 55 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, Wise County Historical Society Inc reported income of $120k and spending of $67k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $1000k to $120k (-88%), an average of -51% a year. The sharpest change came in the year to December 2020, when income dropped by 91%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wise County Historical Society Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Southside Businessmens Club Charities Inc ($120k), Greenhills Cooperative Nursery Inc ($120k) and St Johns Military School Historical Museum Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.3% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.