Talbot Historical Society Inc

Analysis

Talbot Historical Society Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in October 1957, 69 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 April 2024, Talbot Historical Society Inc reported income of $409k and spending of $279k, leaving 32% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $279k to $409k (+46%), an average of +10% a year. The sharpest change came in the year to April 2022, when income rose by 99%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Talbot Historical Society Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Goshen Volunteer Firemens Relief Association Incorporated ($409k), Denver Kappa Alpha Psi Scholarship Foundation ($409k) and Rappahannock Emergency Medical Services Council Inc ($408k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $50k (18% of expenses). Other salaries and wages came to $44k. At year end it held assets of $3.1m against liabilities of $62k, net assets of $3.1m. It reported 2 employees.