Historical Society of Washington DC

Analysis

Historical Society of Washington DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1945, 81 years ago. 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 September 2023, Historical Society of Washington DC reported income of $1.9m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $1.9m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to September 2020, when income dropped by 52%. Over the whole period it spent 86% 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 Washington DC sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Neighborhood Health Care Network ($1.9m), Lincoln Theatre Center Foundation ($1.9m) and United Way of Greater Fall River Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $180k (9.3% of expenses). Other salaries and wages came to $708k. At year end it held assets of $7.9m against liabilities of $5.3m, net assets of $2.5m. It reported 19 employees.