Overview
What is The Historical Society Of Washington Dc?
The Historical Society of Washington D.C., recognized as the DC History Center, is a distinguished nonprofit institution situated at 801 K Street NW, Washington D.C. 20001. Its primary focus lies in preserving and showcasing the rich history of the city, serving as a valuable resource for scholars, communities, and students alike. The society's comprehensive library, known as the Kiplinger research library, serves as a foundation for many research endeavors. Through its biannual magazine, Washington History, the society shares the latest findings in the field, reaching an estimated 2,200 readers. The mission of the DC History Center extends beyond its library, aiming to connect, empower, and inspire the city's diverse population by sharing their stories. The organization strives to be inclusive and foster a sense of curiosity, contributing to civic engagement and strengthening the city as a whole. With a workforce of 15 dedicated individuals, the Historical Society of Washington D.C. plays a significant role in the city's cultural and educational landscape.
Official website here: www.dchistory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star rating)
The Historical Society of Washington DC has received a Two-Star rating from Charity Navigator, indicating certain concerns regarding its financial management, despite having strong accountability practices. The organization boasts a fully independent board and effectively implements oversight measures, such as a conflict of interest policy and a whistleblower policy, which are crucial for maintaining trust and transparency.
However, the charity's financial performance exhibits weaknesses, particularly in its program expense ratio, which stands at 52.59%. This figure suggests that just over half of its expenditures are directed towards program services, which could raise questions about the efficiency of resource allocation. Furthermore, the liabilities to assets ratio of 67.98% indicates a potential issue with financial stability and could impact the organization’s long-term sustainability.
Overall, while The Historical Society of Washington DC demonstrates strong governance and adherence to best practices in accountability, its financial metrics highlight areas for improvement that potential supporters and donors should consider when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is The Historical Society Of Washington Dc legitimate?
The Historical Society Of Washington Dc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Historical Society Of Washington Dc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $179,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $707,879
For more financial information, click here
Official website here: www.dchistory.org
What is the mission statement of The Historical Society Of Washington Dc?
The Historical Society of Washington D.C. is committed to deepening the understanding of the city's past. By reaching into all eight wards, they aim to preserve and elevate the stories of Washington's diverse people, neighborhoods, and institutions. They operate as an inclusive community, fostering curiosity and encouraging civic engagement to strengthen the city for all. The society's work is centered around the Kiplinger research library and its extensive collection, serving as a source of inspiration for researchers and the foundation for their own interpretive programming. Their biannual magazine, "Washington History," with an estimated readership of 2,200, provides a platform to share the latest findings in their field.
Official website here: www.dchistory.org
What is the revenue of The Historical Society Of Washington Dc?
The Historical Society Of Washington Dc's revenue in 2023 was $1,890,094.
Official website here: www.dchistory.org
Who are the executives of The Historical Society Of Washington Dc and what are their salaries?
The average compensation at The Historical Society Of Washington Dc during 2023 was $46,716. There are 19 employees and 17 volunteers at The Historical Society Of Washington Dc.
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- Compensation: $170,368
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- Other: $6,783
Official website here: www.dchistory.org
Where can I find the form 990 for The Historical Society Of Washington Dc?
The Historical Society Of Washington Dc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dchistory.org
Learn more at the official website: www.dchistory.org
Mission Statement of The Historical Society Of Washington Dc
The Historical Society of Washington DC, as a dedicated institution, strives to deepen the understanding of the city's past. Its mission is multifaceted, aiming to connect, empower, and inspire the community. The society reaches out to all eight wards of the city, preserving and elevating the stories of its diverse people, neighborhoods, and institutions. By doing so, it fosters curiosity and nurtures civic engagement, aiming to strengthen the city for all its inhabitants.
At the heart of this organization lies the Kiplinger research library and a vast collection documenting everyday Washington. This collection serves as a valuable resource for academic, community, and student researchers, as well as for the society's own interpretive programming. The Historical Society of Washington DC also publishes a biannual magazine titled "Washington History," which shares the most current findings in the field, reaching an estimated readership of 2,200 individuals. Through these efforts, the society plays a crucial role in preserving and sharing the rich history of Washington DC.
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Impact
July, 2024
The Historical Society of Washington DC deepens understanding of our city's past to connect, empower, and inspire. The society's Kiplinger research library and expansive collection documenting everyday Washington serve as a vital resource for academic, community, and student researchers. Additionally, their interpretive programming and Washington History magazine provide platforms for sharing the most current findings in the field of historical research.
By reaching into all eight wards of the city, The Historical Society of Washington DC preserves and elevates the stories of Washington's diverse people, neighborhoods, and institutions. Their mission to foster curiosity, nurture civic engagement, and strengthen the city for all reflects a commitment to creating a welcoming and inclusive community. Through these initiatives, the Historical Society has a significant impact on preserving and promoting the history of Washington DC for present and future generations.
This information is meant to be a general summary of The Historical Society Of Washington Dc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $34,298
- Program Service Revenue: $124,690
- Gross Receipts: $1,916,577
Assets and Liabilities:
- Total Assets: $7,899,291
- Total Liabilities: $5,341,905
- Net Assets: $2,557,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Library Services
Revenue
$63,791
Membership Dues
Revenue
$48,847
Washington History Jou
Revenue
$12,052
Organization Details
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