Waukegan Historical Society Inc

Analysis

Waukegan Historical Society Inc is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in October 1969, 57 years ago. 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, Waukegan Historical Society Inc reported income of $190k and spending of $81k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $190k (+21%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waukegan Historical Society Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Orcas Island Historical Society ($190k), The Mekor Hayim Center Inc ($190k) and PTA North Carolina Congress ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.