Indian River County Historical Society Inc

Analysis

Indian River County Historical Society Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Indian River County Historical Society Inc reported income of $87k and spending of $99k, spending 113% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income grew from $65k to $87k (+35%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 314%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indian River County Historical Society Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Brazos Valley Chorale ($87k), Heights National Alumni Association ($87k) and PTA Texas Congress ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 14% of the total. At year end it held assets of $409k against liabilities of $2,685, net assets of $406k.

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.