Independence Historical Trust

Tax-deductible

Philadelphia, PA501(c)(3)EIN 23-7179598Revenue $3.9M in FY2024

On file with the IRSinht.org143 S 3rd St, 19106-2818 · Philadelphia, PATax-exempt since May 1973Publicly supported charity — 170(b)(1)(A)(vi)

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To raise funds to fulfill the mission of Independence National Historical Park.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 26 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $509K a year · 26% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 36.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$415K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+106% vs prior year
Spent
$1.8M
To programs
59%
Net assets
$8.0M
By yearFY2019–FY2024
Revenue
$3.9M
FY2024▲ +106%
Tap a bar for its year
Revenue by fiscal year
FY2019$2.1M
FY2020$320K
FY2021$2.0M
FY2022$1.7M
FY2023$1.9M
FY2024$3.9M
Expenses
$1.8M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2019$695K
FY2020$1.5M
FY2021$1.4M
FY2022$1.7M
FY2023$1.7M
FY2024$1.8M
Net assets
$8.0M
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2019$5.9M
FY2020$4.9M
FY2021$5.6M
FY2022$5.3M
FY2023$5.7M
FY2024$8.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $1.1M Management & general 15% · $269K Fundraising 26% · $485K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Independence Historical Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Independence National Historical Park through fundraising.

Questions for Independence Historical Trust

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

In 2024, the organization increased its community engagement activities while supporting major initiatives in independence national historical park and the surrounding gateway community. During that year, the trust accomplished the following programmatic activities: 1) fundraising: this year, the trust completed the design phase and…

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.6M
Fees for servicesLn 2g$223K
Investment incomeLn 3$84K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.1M
Managementcol C$269K
Fundraisingcol D$485K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$8.4M
LiabilitiesLn 26$415K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$717K
Fundraising eventsLn 1c$212K
Fees for servicesLn 2g$223K
Investment incomeLn 3$84K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$5.6M
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$2.5M
Total assetsLn 16$8.4M
LiabilitiesLn 26$415K
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.3M$5.6M
InvestmentsLn 11–13$2.3M$2.5M
Total assetsLn 16$5.8M$8.4M
LiabilitiesLn 26$37K$415K
Net assetsLn 32$5.7M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$351K$121K$63K$166K
Accounting feesLn 11c$16K$16K
Lobbying feesLn 11d$48K$42K$5K$938
Professional fundraising feesLn 11e$46K$46K
Other fees for servicesLn 11g$222K$222K
Advertising and promotionLn 12$17K$45$15K$2K
Office expensesLn 13$19K$890$13K$5K
OccupancyLn 16$4K$4K
TravelLn 17$13K$6K$6K
InsuranceLn 23$9K$463$9K
Other expenses (24a–d)Ln 24$1.1M$913K$132K$37K
All other expensesLn 24e$6K$429$5K
Total functional expensesLn 25$1.8M$1.1M$269K$485K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.9M$1.8M$2.0M$8.0M 990 PDF
FY2023 $1.9M$1.7M$216K$5.7M 990 PDF
FY2022 $1.7M$1.7M$30K$5.3M 990 PDF
FY2021 $2.0M$1.4M$554K$5.6M 990 PDF
FY2020 $320K$1.5M−$1.2M$4.9M 990 PDF
FY2019 $2.1M$695K$1.4M$5.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,877,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,776,997$3,593,481
I-9 Program service revenuePrior year $96,095$223,203
I-10 Investment incomePrior year $40,426$83,987
I-11 Other revenuePrior year −$30,238−$23,440
I-12 Total revenuePrior year $1,883,280$3,877,231
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $255,769$350,523
I-16a Professional fundraising feesPrior year $75,087$45,500
I-17 Other expensesPrior year $1,336,631$1,435,467
I-18 Total expensesPrior year $1,667,487$1,831,490
I-19 Revenue less expensesPrior year $215,793$2,045,741
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $3,877,231 across 8 lines filed
VIII-1c Fundraising events$212,072
VIII-1e Government grants$717,346
VIII-1f All other contributions, gifts and grants$2,664,063
VIII-1h Total contributions, gifts and grants$3,593,481
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,203$223,203
VIII-3 Investment incomeExcluded from tax $83,987$83,987
VIII-8 Net income from fundraising eventsExcluded from tax −$23,440−$23,440
VIII-12 Total revenueRelated to mission $223,203 · Excluded from tax $60,547$3,877,231
Part IX · Statement of functional expenses $1,831,490 across 12 lines filed
IX-7 Other salaries and wagesPrograms $120,745 · Management $63,380 · Fundraising $166,398$350,523
IX-11c Accounting feesManagement $16,250$16,250
IX-11d Lobbying feesPrograms $42,201 · Management $4,861 · Fundraising $938$48,000
IX-11e Professional fundraising feesFundraising $45,500$45,500
IX-11g Other fees for servicesFundraising $222,369$222,369
IX-12 Advertising and promotionPrograms $45 · Management $15,000 · Fundraising $1,857$16,902
IX-13 Office expensesPrograms $890 · Management $13,295 · Fundraising $4,942$19,127
IX-16 OccupancyManagement $3,698$3,698
IX-17 TravelManagement $6,481 · Fundraising $6,089$12,570
IX-23 InsurancePrograms $463 · Management $8,546$9,009
IX-24 Other expenses (24a–d)Programs $913,341 · Management $131,663 · Fundraising $36,630$1,081,634
IX-24e All other expensesPrograms $429 · Management $5,479$5,908
IX-25 Total functional expensesPrograms $1,078,114 · Management $268,653 · Fundraising $484,723$1,831,490
Part X · Balance sheet $8,369,201 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,266,543$5,593,989
X-3 Pledges and grants receivableStart of year $222,167$249,500
X-13 Program-related investmentsStart of year $2,278,332$2,525,712
X-16 Total assetsStart of year $5,767,042$8,369,201
X-17 Accounts payable and accrued expensesStart of year $36,624$287,029
X-25 Other liabilities$128,326
X-26 Total liabilitiesStart of year $36,624$415,355
X-27 Net assets without donor restrictionsStart of year $915,411$1,357,574
X-28 Net assets with donor restrictionsStart of year $4,815,007$6,596,272
X-32 Total net assets or fund balancesStart of year $5,730,418$7,953,846
X-33 Total liabilities and net assetsStart of year $5,767,042$8,369,201
Part XI · Reconciliation of net assets $7,953,846 net assets at year end
XI-1 Total revenue$3,877,231
XI-2 Total expenses$1,831,490
XI-3 Revenue less expenses$2,045,741
XI-4 Net assets at start of year$5,730,418
XI-5 Net unrealized gains (losses) on investments$198,928
XI-7 Investment expenses−$21,241
XI-10 Net assets at end of year$7,953,846

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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