Troy Historical Society

Analysis

Troy Historical Society is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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 June 2023, Troy Historical Society reported income of $521k and spending of $538k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $468k to $521k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Troy Historical Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Community School Parents Assoc ($521k), Wiregrass Georgia Technical College Foundation-North Inc ($521k) and Nebraska Coalition Patient Safety ($521k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 41% of the total. Other salaries and wages came to $370k. At year end it held assets of $640k against liabilities of $79k, net assets of $561k. It reported 17 employees.