Centre County Historical Society

Analysis

Centre County Historical Society is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in August 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centre County Historical Society reported income of $478k and spending of $202k, leaving 58% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $177k to $478k (+170%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 315%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centre County 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 69th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Daytona Beach Symphony Society Inc ($478k), Alaska Inaugural Committee Inc ($478k) and Jerome Historical Society Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $39k (19% of expenses). Other salaries and wages came to $29k. At year end it held assets of $2.2m against liabilities of $4,193, net assets of $2.2m. It reported 2 employees.