Suffolk Nansemond Historical Society

Analysis

Suffolk Nansemond Historical Society is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in August 1994, 32 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, Suffolk Nansemond Historical Society reported income of $122k and spending of $144k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $122k (+150%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suffolk Nansemond Historical Society sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Albany State University National Alumni Association ($122k), National Ambucs Inc ($122k) and Sierra Services for the Blind ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $16k (11% of expenses). At year end it held assets of $442k against liabilities of $8,740, net assets of $434k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.