Beaumont Heritage Society

Analysis

Beaumont Heritage Society is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in April 1968, 58 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 June 2024, Beaumont Heritage Society reported income of $553k and spending of $518k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $400k to $553k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaumont Heritage Society sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Center for the Creative Arts Inc ($553k), Linn County Historical Society ($553k) and Model T Ford Club of America ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Other salaries and wages came to $263k. At year end it held assets of $1.7m against liabilities of $4,222, net assets of $1.7m. It reported 10 employees.