The Garrett County Historical Society Inc

Analysis

The Garrett County Historical Society Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 Garrett County Historical Society Inc reported income of $121k and spending of $153k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $121k (+85%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Garrett County Historical Society Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Georgia Alliance of School Resource Officers and Educators Inc ($121k), Ohio Asian American Health Coalition ($121k) and St James Lutheran Foundation of Lafayette Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $24k (16% of expenses). Other salaries and wages came to $904. At year end it held assets of $1.5m against liabilities of $3,084, net assets of $1.5m.