Lopez Island Historical Society

Analysis

Lopez Island Historical Society is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in October 1975, 51 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, Lopez Island Historical Society reported income of $204k and spending of $164k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $204k (+121%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lopez Island Historical Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Hundred Club of Indianapolis Inc ($204k), Winters Friends of the Library ($204k) and The Bethany House Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $53k (32% of expenses). Other salaries and wages came to $43k. At year end it held assets of $670k against liabilities of $11k, net assets of $660k. It reported 4 employees.