Franklin County Historical Society Inc

Analysis

Franklin County Historical Society Inc is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in May 1986, 40 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, Franklin County Historical Society Inc reported income of $104k and spending of $55k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $104k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin County Historical Society Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Arc of St Clair County Inc ($104k), Friends of Gilbert Libraries ($104k) and The Fred Rittner Pemi Campership Fund ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $19k (34% of expenses). At year end it held assets of $996k against liabilities of $0, net assets of $996k. It reported 1 employees.