Conococheague Institute for the Study of Cultural Heritage

Analysis

Conococheague Institute for the Study of Cultural Heritage is a registered charity in United States, based in Mercersburg, PA. It received its IRS tax-exemption ruling in March 1996, 30 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, Conococheague Institute for the Study of Cultural Heritage reported income of $1.1m and spending of $213k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $1.1m (+706%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 442%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Conococheague Institute for the Study of Cultural Heritage sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Phoenix Conservatory of Music ($1.1m), Theatrical Arts at Forestburgh Inc ($1.1m) and Japanese American Museum of Oregon ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $110k. At year end it held assets of $1.9m against liabilities of $4,320, net assets of $1.9m. It reported 7 employees.