Louisa County Historical Society

Analysis

Louisa County Historical Society is a registered charity in United States, based in Louisa, VA. It received its IRS tax-exemption ruling in March 1970, 56 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, Louisa County Historical Society reported income of $145k and spending of $180k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $171k to $145k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisa County Historical Society sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include Lemhi County Historical Society Inc ($145k), Coles County Mental Health Residential Alternatives Inc ($145k) and Mariposa Museum and History Center Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $59k. At year end it held assets of $517k against liabilities of $854, net assets of $517k. It reported 8 employees.