San Diego Historical Society

Analysis

San Diego Historical Society is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1952, 74 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 June 2023, San Diego Historical Society reported income of $1.2m and spending of $2.3m, spending 189% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.2m (-35%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego Historical Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include New Wave Swim Team ($1.2m), Small Business Access Partners Inc ($1.2m) and Center for Non Profit Legal Services ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $291k (12% of expenses). Other salaries and wages came to $791k. At year end it held assets of $5.8m against liabilities of $2.4m, net assets of $3.4m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.