Naples Historical Society Inc

Analysis

Naples Historical Society Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in October 1965, 61 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 June 2023, Naples Historical Society Inc reported income of $2.8m and spending of $1.2m, leaving 57% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $905k to $2.8m (+207%), an average of +45% a year. The sharpest change came in the year to June 2021, when income rose by 148%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naples Historical Society Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include The Young Women Christian Association of Topeka Kansas ($2.8m), Fowler Christian Apartments Inc ($2.8m) and Boy Scouts of America ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $262k (22% of expenses). Other salaries and wages came to $346k. At year end it held assets of $8.8m against liabilities of $410, net assets of $8.8m. It reported 12 employees.