The Historical Society of Topsail Island North Carolina

Analysis

The Historical Society of Topsail Island North Carolina is a registered charity in United States, based in Topsail Beach, NC. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, The Historical Society of Topsail Island North Carolina reported income of $297k and spending of $306k, spending 103% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $216k to $297k (+37%), an average of +8.3% a year. The sharpest change came in the year to May 2022, when income rose by 179%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Historical Society of Topsail Island North Carolina sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Umkc Research Foundation ($297k), Mt Lebanon Community Foundation ($297k) and Crime Stoppers of Tampa Bay Inc ($297k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 11% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). At year end it held assets of $911k against liabilities of $0, net assets of $911k. It reported 4 employees.