Leelanau Historical Society

Analysis

Leelanau Historical Society is a registered charity in United States, based in Leland, MI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leelanau Historical Society reported income of $271k and spending of $281k, spending 104% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $157k to $271k (+73%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leelanau Historical Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Annandale Art and Textile Center ($271k), Fort Wayne Youtheatre Incorporated ($271k) and Loudoun Laurels ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.1m against liabilities of $113k, net assets of $1.0m. It reported 8 employees.