1894 Inc

Analysis

1894 Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in November 1986, 40 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 August 2023, 1894 Inc reported income of $5.1m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.7m to $5.1m (+7.6%), an average of +1.8% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 1894 Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Ims Foundation ($5.1m), Taller Salud Inc ($5.1m) and Meals on Wheels of Wake County Inc ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 37% of the total. Other salaries and wages came to $838k. At year end it held assets of $13.8m against liabilities of $1.0m, net assets of $12.8m. It reported 100 employees.