Historic Eleutherian College Inc

Analysis

Historic Eleutherian College Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in May 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 (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 Eleutherian College Inc reported income of $51k and spending of $70k, spending 138% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $44k to $51k (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 122% 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 Eleutherian College Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within IN. Charities of a similar size with the same main cause include Norte Maar for Collaborativeprojects in the Arts ($51k), Argento New Music Project Inc ($51k) and Golden Gate Railroad Museum ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $729k against liabilities of $67k, net assets of $662k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.