Summit County Historical Society of Akron Ohio

Analysis

Summit County Historical Society of Akron Ohio is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 1944, 82 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, Summit County Historical Society of Akron Ohio reported income of $428k and spending of $409k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $534k to $428k (-20%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit County Historical Society of Akron Ohio sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Hispanic League ($428k), Olympic Theatre Arts ($428k) and Museum of Automobiles Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 57% of the total. Other salaries and wages came to $176k. At year end it held assets of $700k against liabilities of $6,974, net assets of $693k. It reported 14 employees.