Hermosa Beach Historical Society

Analysis

Hermosa Beach Historical Society is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in February 1995, 31 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, Hermosa Beach Historical Society reported income of $179k and spending of $132k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $179k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hermosa Beach Historical Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Castle Crusaders ($179k), National Institute of Governmental Purchasing Inc ($179k) and Armed Forces Thanksgiving ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $194k against liabilities of $8,934, net assets of $185k.