Historic Society of Kent County Maryland Inc

Analysis

Historic Society of Kent County Maryland Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in May 1969, 57 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 April 2024, Historic Society of Kent County Maryland Inc reported income of $184k and spending of $174k, spending 94% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $34k to $184k (+436%), an average of +52% a year. The sharpest change came in the year to April 2024, when income rose by 1079%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Society of Kent County Maryland Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Open Book Theatre Company ($184k), Agricultural History Project ($184k) and Master Arts Company ($184k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 29% and program service revenue 13% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 4 employees.