Historical and Genealogical Society of Somerset County

Analysis

Historical and Genealogical Society of Somerset County is a registered charity in United States, based in Somerset, PA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 and Genealogical Society of Somerset County reported income of $239k and spending of $242k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $239k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical and Genealogical Society of Somerset County sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Open Studios Inc ($239k), SB Dance ($239k) and Dallas Bach Society ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $34k (14% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.9m against liabilities of $2,736, net assets of $1.9m. It reported 6 employees.