Corrales Historical Society

Analysis

Corrales Historical Society is a registered charity in United States, based in Corrales, NM. It received its IRS tax-exemption ruling in March 1974, 52 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 December 2023, Corrales Historical Society reported income of $86k and spending of $95k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $86k (-3.6%), an average of -3.6% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corrales Historical Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within NM. Charities of a similar size with the same main cause include Conservative Forum of Silicon Valley ($86k), Washington State Association of Municipal Attorneys ($86k) and Legatus ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 75% of the total. At year end it held assets of $160k against liabilities of $12k, net assets of $148k.