Laurel Historical Society Inc

Analysis

Laurel Historical Society Inc is a registered charity in United States, based in Laurel, DE. It received its IRS tax-exemption ruling in August 1978, 48 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, Laurel Historical Society Inc reported income of $284k and spending of $42k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $402k to $284k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Historical Society Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Campbell House Foundation ($284k), Tucson Youth Football & Spirit Federation Inc ($284k) and Little League Baseball Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $775k against liabilities of $1,703, net assets of $773k.