Boone County Historical Society

Analysis

Boone County Historical Society is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in August 1945, 81 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, Boone County Historical Society reported income of $87k and spending of $189k, spending 217% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $126k to $87k (-31%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 514%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boone County Historical Society sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include California Indian Heritage Center Foundation Inc ($87k), International Society of Information Fusion ($87k) and Whitewater Canal Byway Association Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 7.5% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.6m against liabilities of $5,263, net assets of $2.6m.