The Lewes Historical Society

Analysis

The Lewes Historical Society is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in February 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lewes Historical Society reported income of $693k and spending of $1.2m, spending 179% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.2m to $693k (-43%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Lewes Historical Society sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include Valley Art Center Inc ($693k), Burris Park Foundation ($693k) and Radio Workshop US Inc ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $509k. At year end it held assets of $6.1m against liabilities of $573k, net assets of $5.5m. It reported 20 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.