Gig Harbor Peninsula Historical Society

Analysis

Gig Harbor Peninsula Historical Society is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in February 1976, 50 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 December 2023, Gig Harbor Peninsula Historical Society reported income of $846k and spending of $741k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $573k to $846k (+48%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gig Harbor Peninsula Historical Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Chance for Life Organization ($846k), Our Saviors Kings Kids ($846k) and Develop America Inc ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $88k (12% of expenses). Other salaries and wages came to $193k. At year end it held assets of $7.6m against liabilities of $123k, net assets of $7.5m. It reported 10 employees.