Historic Georgetown Inc

Analysis

Historic Georgetown Inc is a registered charity in United States, based in Georgetown, CO. It received its IRS tax-exemption ruling in October 2014, 12 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 April 2024, Historic Georgetown Inc reported income of $221k and spending of $307k, spending 139% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $296k to $221k (-25%), an average of -7.0% a year. The sharpest change came in the year to April 2022, when income dropped by 37%. 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, Historic Georgetown Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include Carteret County Historical Society Inc ($221k), Indiana State Symphony Society Inc ($221k) and Shelter Music Boston Inc ($221k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 11% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $5,692. At year end it held assets of $4.0m against liabilities of $221k, net assets of $3.8m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.