Luzerne County Historical Society

Analysis

Luzerne County Historical Society is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in May 1937, 89 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 June 2023, Luzerne County Historical Society reported income of $377k and spending of $366k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $377k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Luzerne County Historical Society sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include New Horizon Theather Inc ($377k), Tennessee Valley Art Association ($377k) and Studio Montclair Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $54k. At year end it held assets of $3.3m against liabilities of $321k, net assets of $3.0m. It reported 4 employees.