Historical Society of Frederick County Inc

Analysis

Historical Society of Frederick County Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1973, 53 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 December 2023, Historical Society of Frederick County Inc reported income of $659k and spending of $506k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $702k to $659k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Frederick County Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Brookfield Craft Center Inc ($658k), Issue Project Room Incorporated ($659k) and Pinnacle High Booster Club Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $94k (19% of expenses). Other salaries and wages came to $177k. At year end it held assets of $3.2m against liabilities of $279k, net assets of $3.0m. It reported 4 employees.