Historical Society of Federal Way

Analysis

Historical Society of Federal Way is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Historical Society of Federal Way reported income of $51k and spending of $52k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $51k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Federal Way sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within WA. Charities of a similar size with the same main cause include St Johns Shelter for the Homeless Inc ($51k), Virginia Congress of Parents and Teachers ($51k) and Crime Stoppers Honolulu Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.1% of the total. At year end it held assets of $203k against liabilities of $869, net assets of $202k.