Historical Society of Carroll County Maryland Inc

Analysis

Historical Society of Carroll County Maryland Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in January 1941, 85 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 June 2023, Historical Society of Carroll County Maryland Inc reported income of $1.6m and spending of $364k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $1.6m (+387%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 382%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Carroll County Maryland Inc 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 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include National Academy of Artistic Gymnastics ($1.6m), Oneill Senior Center Inc ($1.6m) and Cross Plains Community Partner Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $86k. At year end it held assets of $2.9m against liabilities of $7,681, net assets of $2.9m. It reported 6 employees.