Phelps Community Historical Society

Analysis

Phelps Community Historical Society is a registered charity in United States, based in Phelps, NY. It received its IRS tax-exemption ruling in January 1999, 27 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, Phelps Community Historical Society reported income of $139k and spending of $94k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $139k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phelps Community Historical Society sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Making Music Matter Foundation ($139k), Friends of Fort Frederica National Monument Inc ($139k) and Sierra Community Theatre ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $26k (28% of expenses). At year end it held assets of $1.0m against liabilities of $643, net assets of $1.0m. It reported 2 employees.