Historical Society of Martin County Inc

Analysis

Historical Society of Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in December 1956, 70 years ago. 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 June 2023, Historical Society of Martin County Inc reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Martin County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Putnam County Legal Aid Society Inc ($1.8m), National Accrediting Agency for Clinical Laboratory Science ($1.8m) and Convergent Impact Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $36k (1.8% of expenses). Other salaries and wages came to $649k. At year end it held assets of $13.6m against liabilities of $293k, net assets of $13.3m. It reported 17 employees.