Society of the Cincinnati

Analysis

Society of the Cincinnati is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1938, 88 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 June 2023, Society of the Cincinnati reported income of $3.8m and spending of $4.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.8m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Cincinnati sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Lowell Observatory Foundation ($3.8m), Portland Rose Festival Foundation ($3.8m) and Friends of the Dayton Arcade ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $443k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $31.0m against liabilities of $905k, net assets of $30.1m. It reported 26 employees.