Historic Augusta Inc

Analysis

Historic Augusta Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in May 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Augusta Inc reported income of $402k and spending of $583k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $466k to $402k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Augusta Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Veterans Council of Indian River County ($402k), Little Compton Historical Society Inc ($402k) and Casey Tibbs Foundation ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 27% of the total. Other salaries and wages came to $226k. At year end it held assets of $1.8m against liabilities of $17k, net assets of $1.7m. It reported 9 employees.