Susquehanna County Historical Society and Free Library Assn

Analysis

Susquehanna County Historical Society and Free Library Assn is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in August 1946, 80 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Susquehanna County Historical Society and Free Library Assn reported income of $964k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $882k to $964k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Susquehanna County Historical Society and Free Library Assn sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Metropolitan Youth Orchestra Society of New York Inc ($964k), Christian Broadcasting Inc ($964k) and Western Alliance of Arts Adminstrators Foundations ($964k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $60k (4.8% of expenses). Other salaries and wages came to $543k. At year end it held assets of $5.5m against liabilities of $9,782, net assets of $5.5m. It reported 40 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.