Homer Society of Natural History Inc

Analysis

Homer Society of Natural History Inc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in June 1965, 61 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, Homer Society of Natural History Inc reported income of $1.0m and spending of $529k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $1.0m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 147% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Homer Society of Natural History Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within AK. Charities of a similar size with the same main cause include San Benito County Arts Council ($1.0m), Corpus Christi Symphony Society Inc ($1.0m) and Holmes Center for the Arts Ltd ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $44k (8.2% of expenses). Other salaries and wages came to $214k. At year end it held assets of $2.9m against liabilities of $38k, net assets of $2.8m. It reported 17 employees.