Historic Russellville Inc

Analysis

Historic Russellville Inc is a registered charity in United States, based in Russellville, KY. It received its IRS tax-exemption ruling in July 1982, 44 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, Historic Russellville Inc reported income of $160k and spending of $205k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $160k (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Russellville Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include Historic Beverly Preservation Inc ($160k), Austin Tap Ensemble Foundation Inc ($160k) and Iberville Museum Association Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.