The Filson Historical Society Inc

Analysis

The Filson Historical Society Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1942, 84 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Filson Historical Society Inc reported income of $4.4m and spending of $3.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $4.4m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Filson Historical Society Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Richmond Kickers Youth Soccer Club ($4.3m), McLean Youth Soccer Association ($4.4m) and Spark ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $357k (9.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $46.1m against liabilities of $111k, net assets of $46.0m. It reported 35 employees.