Gilbert Historical Society Inc

Analysis

Gilbert Historical Society Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in October 1980, 46 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 March 2023, Gilbert Historical Society Inc reported income of $328k and spending of $198k, leaving 40% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $655k to $328k (-50%), an average of -21% a year. The sharpest change came in the year to March 2021, when income dropped by 34%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilbert Historical Society Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include Owensboro Dance Theater Inc ($328k), Trinity Bands Booster Club ($328k) and Salisbury Community TV and Media Center Inc ($328k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $66k (33% of expenses). Other salaries and wages came to $51k. At year end it held assets of $2.3m against liabilities of $22k, net assets of $2.3m. It reported 5 employees.