Marco Island Historical Society Inc

Analysis

Marco Island Historical Society Inc is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in May 1997, 29 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, Marco Island Historical Society Inc reported income of $731k and spending of $714k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $833k to $731k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marco Island Historical Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Southern Seed Certification Association Inc ($731k), Childrens Museum Inc ($731k) and American Geographical Society of New York ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $104k (15% of expenses). Other salaries and wages came to $260k. At year end it held assets of $1.7m against liabilities of $49k, net assets of $1.7m. It reported 6 employees.