Folsom Historical Society

Analysis

Folsom Historical Society is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in March 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Folsom Historical Society reported income of $289k and spending of $553k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $289k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 321%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folsom Historical Society sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Historical Society of Haddonfield ($289k), National Indo-American Museum ($289k) and Indie Film Club Miami ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $240k. At year end it held assets of $963k against liabilities of $19k, net assets of $944k.