Black Diamond Historical Society

Analysis

Black Diamond Historical Society is a registered charity in United States, based in Black Diamond, WA. It received its IRS tax-exemption ruling in February 2019, 7 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, Black Diamond Historical Society reported income of $55k and spending of $64k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $55k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Diamond Historical Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Scandinavian Fest Inc ($55k), Evt Educational Productions Inc ($55k) and Brit Landowner ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.