Useppa Island Historical Society Inc

Analysis

Useppa Island Historical Society Inc is a registered charity in United States, based in Bokeelia, FL. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2022, Useppa Island Historical Society Inc reported income of $92k and spending of $155k, spending 168% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $279k to $92k (-67%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Useppa Island Historical Society Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Great Plains Medical Research Foundation ($92k), Napoleon Future Leaders ($92k) and Khalsa Peace Corps ($92k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $68k (44% of expenses). At year end it held assets of $784k against liabilities of $1,207, net assets of $783k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.