North Lake Tahoe Historical Society

Analysis

North Lake Tahoe Historical Society is a registered charity in United States, based in Tahoe City, CA. It received its IRS tax-exemption ruling in October 1971, 55 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 2022, North Lake Tahoe Historical Society reported income of $192k and spending of $199k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $323k to $192k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Lake Tahoe Historical Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Garibaldi Meucci Museum ($192k), Overfield Tavern Museum ($192k) and Optical Heritage Museum ($192k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $26k (13% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.4m against liabilities of $5,209, net assets of $1.4m. It reported 7 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.