Tybee Island Historical Society Inc

Analysis

Tybee Island Historical Society Inc is a registered charity in United States, based in Tybee Island, GA. It received its IRS tax-exemption ruling in June 1976, 50 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, Tybee Island Historical Society Inc reported income of $2.0m and spending of $1.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tybee Island Historical Society Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include National Youngarts Foundation Supporting Organization ($2.0m), Zamir Choral Foundation Inc ($2.0m) and American Society of Naval Engineers ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $118k (7.9% of expenses). Other salaries and wages came to $578k. At year end it held assets of $7.2m against liabilities of $16k, net assets of $7.1m. It reported 22 employees.