Harrison County Historical Society

Analysis

Harrison County Historical Society is a registered charity in United States, based in Marshall, TX. It received its IRS tax-exemption ruling in December 1966, 60 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 August 2023, Harrison County Historical Society reported income of $95k and spending of $210k, spending 220% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $107k to $95k (-11%), an average of -3.7% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harrison County Historical Society sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Collaborative Arts Institute of Chicago ($95k), Chelsea Symphony Inc ($95k) and Organization of Istanbul Armenians ($95k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 4.6% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.4m against liabilities of $1,239, net assets of $1.4m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.