Madison County Historical Society

Analysis

Madison County Historical Society is a registered charity in United States, based in Oneida, NY. It received its IRS tax-exemption ruling in February 1942, 84 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, Madison County Historical Society reported income of $607k and spending of $96k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $607k (+484%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 1018%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison County 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 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Winthrop Music Association ($607k), Kannada Koota of Northern ($607k) and Performance Garage ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $49k (51% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.