Historicorps

Analysis

Historicorps is a registered charity in United States, based in Morrison, CO. It received its IRS tax-exemption ruling in March 2013, 13 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 December 2023, Historicorps reported income of $2.7m and spending of $2.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historicorps sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include San Luis Obispo Repertory Theatre ($2.7m), The Circus Barn Incorporated ($2.7m) and Theaterworks Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $100k (3.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $587k against liabilities of $328k, net assets of $259k. It reported 41 employees.