Society for History and Racial Equity

Analysis

Society for History and Racial Equity is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in September 2004, 22 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, Society for History and Racial Equity reported income of $478k and spending of $198k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $478k (+132%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 309%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for History and Racial Equity sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Can Art Change the World Inc ($478k), Rapides Symphony Orchestra ($478k) and Africa International House U S a Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $72k (37% of expenses). Other salaries and wages came to $36k. At year end it held assets of $613k against liabilities of $17k, net assets of $596k. It reported 3 employees.