Roanoke Island Historical Association Inc

Analysis

Roanoke Island Historical Association Inc is a registered charity in United States, based in Manteo, NC. It received its IRS tax-exemption ruling in January 1947, 79 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, Roanoke Island Historical Association Inc reported income of $2.1m and spending of $2.9m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roanoke Island Historical Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Christ Child Society ($2.1m), Kirby Enterprises ($2.1m) and Hopkins Hill Road Fire Department ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $119k (4.1% of expenses). Other salaries and wages came to $929k. At year end it held assets of $8.5m against liabilities of $1.1m, net assets of $7.4m. It reported 117 employees.