Swenson House Historical Society

Analysis

Swenson House Historical Society is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Swenson House Historical Society reported income of $72k and spending of $107k, spending 149% of what it took in. Across the 3 years on record, from May 2021 to May 2023, income fell from $1.3m to $72k (-94%), an average of -76% a year. The sharpest change came in the year to May 2022, when income dropped by 94%. Over the whole period it spent 21% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Swenson House Historical Society sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Heavenearth Spaces Inc ($72k), Black Women Lawyers Association Scholarship Fund ($72k) and Acalanes Area Chapter National Charity League Inc ($71k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.