Lower Cape Fear Historical Society Inc

Analysis

Lower Cape Fear Historical Society Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 1964, 62 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 April 2024, Lower Cape Fear Historical Society Inc reported income of $96k and spending of $104k, spending 109% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $123k to $96k (-22%), an average of -22% a year. The sharpest change came in the year to April 2024, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lower Cape Fear Historical Society Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include West Olympia Rotary Charities Fund ($96k), Pop Warner Little Scholars Inc ($96k) and PTA California Congress of Parents Teachers & Students Inc ($96k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 47% and program service revenue 39% of the total. At year end it held assets of $162k against liabilities of $3,097, net assets of $159k.