Swedish Historical Society of Rockford

Analysis

Swedish Historical Society of Rockford is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 1970, 56 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 (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, Swedish Historical Society of Rockford reported income of $105k and spending of $133k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $105k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swedish Historical Society of Rockford sits at the 42nd percentile: it is larger than about 42% 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 Daltai Na Gaeilge Inc ($105k), Sessions at McPike Park Inc ($105k) and Reel East Texas Film Festival ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $58k (43% of expenses). At year end it held assets of $2.8m against liabilities of $7,826, net assets of $2.8m. It reported 1 employees.