Kankakee County Historical Society

Analysis

Kankakee County Historical Society is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in October 1973, 53 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 October 2023, Kankakee County Historical Society reported income of $227k and spending of $288k, spending 127% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $301k to $227k (-24%), an average of -6.8% a year. The sharpest change came in the year to October 2021, when income dropped by 23%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kankakee County Historical Society sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Japan Education and Culture Center Inc ($227k), Michigan Legacy Art Park ($227k) and Medicine Lodge Indian Peace Treaty Assn ($227k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 64% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $49k (17% of expenses). Other salaries and wages came to $87k. At year end it held assets of $2.1m against liabilities of $406, net assets of $2.1m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.