The Beaufort Historical Foundation

Analysis

The Beaufort Historical Foundation is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in April 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, The Beaufort Historical Foundation reported income of $83k and spending of $83k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $83k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 1015%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Beaufort Historical Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Ptsa Connecticut Inc ($83k), South Lincoln Resources ($83k) and Lincoln Music Boosters ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.