Gregg County Historical Foundation

Analysis

Gregg County Historical Foundation is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in January 1967, 59 years ago. 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 September 2023, Gregg County Historical Foundation reported income of $296k and spending of $313k, spending 106% of what it took in. Across the 6 years on record, from September 2018 to September 2023, income grew from $207k to $296k (+43%), an average of +7.4% a year. The sharpest change came in the year to September 2019, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gregg County Historical Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Triad Honor Flight ($296k), The Freedom Center of Okc LLC ($296k) and Goleta Valley Historical Society ($296k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). Other salaries and wages came to $49k. At year end it held assets of $2.0m against liabilities of $1,467, net assets of $2.0m. It reported 7 employees.