The Kent Island Heritage Society Inc

Analysis

The Kent Island Heritage Society Inc is a registered charity in United States, based in Stevensville, MD. It received its IRS tax-exemption ruling in January 1982, 44 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 June 2023, The Kent Island Heritage Society Inc reported income of $98k and spending of $88k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $70k to $98k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 624%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Kent Island Heritage Society Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Womens Pregnancy Center of Matagorda County Inc ($98k), Life Choice Inc ($98k) and Colchester Hockey Boosters Assoc Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. At year end it held assets of $2.3m against liabilities of $1,626, net assets of $2.3m.