Gillispie County Historical Society Inc

Analysis

Gillispie County Historical Society Inc is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in August 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gillispie County Historical Society Inc reported income of $1.2m and spending of $929k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $886k to $1.2m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gillispie County 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 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Diversionary Theatre Productions Inc ($1.2m), Waterside Workshops ($1.2m) and The Lafayette Society Forperforming Arts Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $65k (7.0% of expenses). Other salaries and wages came to $338k. At year end it held assets of $4.4m against liabilities of $204k, net assets of $4.2m. It reported 20 employees.