Terrebonne Historical Cultural Society Inc

Analysis

Terrebonne Historical Cultural Society Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in June 1974, 52 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 February 2023, Terrebonne Historical Cultural Society Inc reported income of $189k and spending of $231k, spending 122% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income fell from $219k to $189k (-14%), an average of -4.8% a year. The sharpest change came in the year to February 2021, when income dropped by 33%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrebonne Historical Cultural Society Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include Salem Historical Society ($189k), Peter M Goodrich Memorial Foundation ($189k) and Opry TR Fund Inc ($189k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 0.5% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.1m against liabilities of $315k, net assets of $2.7m. 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.