Wichita County Heritage Society Inc

Analysis

Wichita County Heritage Society Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in March 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Wichita County Heritage Society Inc reported income of $248k and spending of $358k, spending 144% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $113k to $248k (+120%), an average of +30% a year. The sharpest change came in the year to May 2021, when income rose by 237%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wichita County Heritage Society Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Reacting Consortium Inc ($248k), Rohingya Youth Association of Portland ($248k) and Girls Rock Charlotte ($248k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 82% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $37k (10% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1.3m against liabilities of $3,441, net assets of $1.3m. It reported 2 employees.