Mount Prospect Historical Society

Analysis

Mount Prospect Historical Society is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in July 1969, 57 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 December 2023, Mount Prospect Historical Society reported income of $106k and spending of $95k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $106k (+7.4%), an average of +7.4% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Prospect Historical Society sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include The Heartland Foundation Inc ($106k), Street2feet ($106k) and Shenandoah Haven Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 5.0% of the total. At year end it held assets of $428k against liabilities of $2,520, net assets of $426k.