Society for Military History

Analysis

Society for Military History is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in August 1942, 84 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Society for Military History reported income of $737k and spending of $813k, spending 110% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $598k to $737k (+23%), an average of +5.4% a year. The sharpest change came in the year to March 2022, when income rose by 47%. Over the whole period it spent 91% 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 for Military History sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Bilingual School of Business & Performing Arts Inc ($737k), Opus Ithaca School of Music Inc ($737k) and Crossroads of the American Revolution Association Inc ($737k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 28% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $132k (16% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.3m against liabilities of $2,588, net assets of $1.3m. It reported 13 employees.