Montgomery County Historical Society Inc

Analysis

Montgomery County Historical Society Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 1951, 75 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 June 2023, Montgomery County Historical Society Inc reported income of $1.1m and spending of $595k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $411k to $1.1m (+170%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montgomery County Historical Society Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Seven Angels Theatre Inc ($1.1m), Oatlands Inc ($1.1m) and Grandworks Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $129k (22% of expenses). Other salaries and wages came to $282k. At year end it held assets of $4.6m against liabilities of $51k, net assets of $4.6m. It reported 16 employees.