Lackawanna Historical Society

Analysis

Lackawanna Historical Society is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in August 1944, 82 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, Lackawanna Historical Society reported income of $325k and spending of $241k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $325k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lackawanna Historical Society sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Camas Meadows Bible Camp ($325k), Permian High School Band Boosters ($325k) and San Ramon Valley Education Foundation ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $55k (23% of expenses). Other salaries and wages came to $46k. At year end it held assets of $1.6m against liabilities of $4,252, net assets of $1.6m. It reported 3 employees.