Somerset County Historical Society Incorporated

Analysis

Somerset County Historical Society Incorporated is a registered charity in United States, based in Princess Anne, MD. It received its IRS tax-exemption ruling in September 1965, 61 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, Somerset County Historical Society Incorporated reported income of $72k and spending of $52k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $72k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset County Historical Society Incorporated sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Milton-Union Senior Citizens & Community Club Inc ($72k), PTA Texas Congress ($72k) and Harlingen Police Education and Community Fund ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $302k against liabilities of $0, net assets of $302k.