Latrobe Area Historical Society

Analysis

Latrobe Area Historical Society is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in March 1975, 51 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, Latrobe Area Historical Society reported income of $195k and spending of $34k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $195k (+215%), an average of +215% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latrobe Area Historical Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include East Harlem Neighborhood Based Alliance Corporation ($195k), Bethel-Tulpehocken Public Library ($195k) and Minocqua Kawaguesaga Lakes Protection Association Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.4% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.