Carmel-Clay Historical Society Inc

Analysis

Carmel-Clay Historical Society Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in July 1986, 40 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, Carmel-Clay Historical Society Inc reported income of $493k and spending of $142k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $882k to $493k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmel-Clay Historical Society Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Red Oak Community School ($493k), South Charlotte Recreation Association Inc ($493k) and Navy League of the United States National Headquarters ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 6.9% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 4 employees.