Society of 1842

Analysis

Society of 1842 is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in July 1989, 37 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, Society of 1842 reported income of $107k and spending of $134k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $107k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of 1842 sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include Brown V Board Sumner Legacy TR ($106k), Av Dance Studio 81 Parent Organization Inc ($107k) and Circle Creative Collective Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.