Poulsbo Historical Society

Analysis

Poulsbo Historical Society is a registered charity in United States, based in Poulsbo, WA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, Poulsbo Historical Society reported income of $315k and spending of $280k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $272k to $315k (+16%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poulsbo Historical Society sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Therapeutic and Recreational Riding Center Inc ($315k), Rcil Southeastern Minnesota Barrier Free Housing Corporation ($315k) and South Texas Youth Soccer Association ($315k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 49% and program service revenue 5.8% of the total. Other salaries and wages came to $63k. It paid $12k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $936k, net assets of $1.2m. It reported 5 employees.