Renton Historical Society

Analysis

Renton Historical Society is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in September 1967, 59 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, Renton Historical Society reported income of $525k and spending of $91k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $525k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renton Historical Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Good Shepherd Lutheran School Inc ($525k), Carbondale Warming Center ($526k) and New England Ophthalmological Society Inc 85 Central St ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 2.0% of the total. At year end it held assets of $5.3m against liabilities of $1,974, net assets of $5.3m.