New Castle Historical Society

Analysis

New Castle Historical Society is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in June 1942, 84 years ago. 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, New Castle Historical Society reported income of $259k and spending of $321k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $259k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Castle 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 59th percentile, and in the 54th percentile within DE. Charities of a similar size with the same main cause include Hannibal Arts Council ($259k), Greene County Habitat for Humanity ($259k) and Penn Gardens Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $57k (18% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.4m against liabilities of $63k, net assets of $1.4m. It reported 11 employees.

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.