Bessemer Historical Society Inc

Analysis

Bessemer Historical Society Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in September 2000, 26 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, Bessemer Historical Society Inc reported income of $303k and spending of $460k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $350k to $303k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bessemer 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 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Christkindlmarkt SLC ($303k), Gammelgarden Museum of Scandia ($303k) and In the Land of Mara Foundation ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $97k. At year end it held assets of $4.2m against liabilities of $58k, net assets of $4.1m. It reported 3 employees.