Aspen Historical Society

Analysis

Aspen Historical Society is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in July 1964, 62 years ago. 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, Aspen Historical Society reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 6 years on record, from October 2019 to December 2023, income grew from $1.4m to $1.6m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 1720%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aspen Historical Society sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include V B R Foundation Inc ($1.6m), Enactus ($1.6m) and Miles Foundation Service Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $139k (8.9% of expenses). Other salaries and wages came to $671k. At year end it held assets of $4.9m against liabilities of $238k, net assets of $4.6m. It reported 19 employees.