History Center of Lake Forest Lake Bluff

Analysis

History Center of Lake Forest Lake Bluff is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in August 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 May 2024, History Center of Lake Forest Lake Bluff reported income of $667k and spending of $550k, spending 82% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $550k to $667k (+21%), an average of +3.9% a year. The sharpest change came in the year to May 2022, when income rose by 77%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, History Center of Lake Forest Lake Bluff sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Lexington Ballet Company Inc ($667k), Delaware Health Equity Coalition ($667k) and Walkersville Volunteer Rescue Co Inc ($667k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $100k (18% of expenses). Other salaries and wages came to $116k. At year end it held assets of $3.8m against liabilities of $64k, net assets of $3.7m. It reported 8 employees.