Grosse Ile Historical Society

Analysis

Grosse Ile Historical Society is a registered charity in United States, based in Grosse Ile, MI. It received its IRS tax-exemption ruling in November 1971, 55 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, Grosse Ile Historical Society reported income of $52k and spending of $74k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $52k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grosse Ile Historical Society sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Yes I Can Ministries ($52k), MC Kinleyville Youth Football Association Incorporated ($52k) and Epicurean Club of Boston and Vicinity ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $1.4m against liabilities of $7,770, net assets of $1.4m.