Historical Society of Oak Park and River Forest

Analysis

Historical Society of Oak Park and River Forest is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in October 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 April 2023, Historical Society of Oak Park and River Forest reported income of $219k and spending of $250k, spending 114% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $121k to $219k (+82%), an average of +16% a year. The sharpest change came in the year to April 2020, when income rose by 36%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Oak Park and River Forest sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Lyon County Historical Society ($219k), Cameron Area Christian Services ($219k) and Foundation for Pierce College ($219k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $79k (32% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m. It reported 2 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.