Southern Lorain County Historical Society

Analysis

Southern Lorain County Historical Society is a registered charity in United States, based in Wellington, OH. It received its IRS tax-exemption ruling in April 1972, 54 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, Southern Lorain County Historical Society reported income of $50k and spending of $60k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $50k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Lorain County 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 20th percentile within OH. Charities of a similar size with the same main cause include Sunshine Ministries Inc ($50k), Childrens Concerns of St Joseph County Inc ($50k) and Boy Scouts of America ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $317k against liabilities of $844, net assets of $316k.