Fountain Hills and Lower Verde River Valley Historical Society

Analysis

Fountain Hills and Lower Verde River Valley Historical Society is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in July 1991, 35 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 December 2023, Fountain Hills and Lower Verde River Valley Historical Society reported income of $123k and spending of $158k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $123k (-49%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fountain Hills and Lower Verde River Valley Historical Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within AZ. Charities of a similar size with the same main cause include Bucktown Fine Arts ($123k), Public Truth Media Foundation ($123k) and Russell E Windsor the Research Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $9,231 (5.8% of expenses). Other salaries and wages came to $42k. At year end it held assets of $405k against liabilities of $0, net assets of $405k. It reported 3 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.