The New Bern Historical Society Foundation Inc

Analysis

The New Bern Historical Society Foundation Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in April 1979, 47 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 June 2023, The New Bern Historical Society Foundation Inc reported income of $358k and spending of $305k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $324k to $358k (+11%), an average of +3.4% a year. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The New Bern Historical Society Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Home Education Association of Tennessee Inc ($358k), Broome County Gang Prevention ($358k) and Telugu Association of Metro Atlanta ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.7m against liabilities of $8,613, net assets of $1.7m. It reported 5 employees.