Carteret County Historical Society Inc

Analysis

Carteret County Historical Society Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Carteret County Historical Society Inc reported income of $221k and spending of $182k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $221k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carteret County Historical Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Shelter Music Boston Inc ($221k), Historic Georgetown Inc ($221k) and Creative Hearts Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.6% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.2m against liabilities of $85k, net assets of $1.1m. It reported 3 employees.