Parma Area Historic Society

Analysis

Parma Area Historic Society is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 March 2024, Parma Area Historic Society reported income of $76k and spending of $74k, spending 97% of its income. Across the 2 years on record, from March 2023 to March 2024, income fell from $78k to $76k (-2.5%), an average of -2.5% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parma Area Historic Society sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include PTA Florida Congress ($76k), Anderson Bluff & River Trail Foundation Inc ($76k) and PTA California Congress of Parents Teachers & Students Inc ($76k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $70k against liabilities of $292, net assets of $70k.