Historical Society of Harford County Inc

Analysis

Historical Society of Harford County Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in May 1964, 62 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, Historical Society of Harford County Inc reported income of $396k and spending of $241k, leaving 39% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $214k to $396k (+85%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Harford County 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 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Marion Library Association ($396k), Bloomington Urban Enterprise Association Inc ($396k) and American Chemical Society ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $70k (29% of expenses). Other salaries and wages came to $15k. At year end it held assets of $2.2m against liabilities of $174, net assets of $2.2m. It reported 2 employees.