Independence Historical Trust

Analysis

Independence Historical Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1973, 53 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, Independence Historical Trust reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.9m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 517%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Historical Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include South Carolina Victim Assistance Network Inc ($1.9m), Hi-Line Radio Fellowship Inc ($1.9m) and Bandera County Committee on Aging Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. Other salaries and wages came to $256k. It paid $75k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $37k, net assets of $5.7m.