Beaufort Historical Association Inc

Analysis

Beaufort Historical Association Inc is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in November 1966, 60 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beaufort Historical Association Inc reported income of $660k and spending of $662k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $660k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaufort Historical Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Power House Theater Walla Walla ($660k), Bais Chana Women International Inc ($660k) and Pageantry Arts Concepts Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $84k (13% of expenses). Other salaries and wages came to $198k. At year end it held assets of $1.1m against liabilities of $3,532, net assets of $1.0m. It reported 16 employees.