Sterling-Rock Falls Historical Society

Analysis

Sterling-Rock Falls Historical Society is a registered charity in United States, based in Sterling, IL. It received its IRS tax-exemption ruling in September 1977, 49 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, Sterling-Rock Falls Historical Society reported income of $51k and spending of $73k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $51k (-81%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sterling-Rock Falls 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 22nd percentile within IL. Charities of a similar size with the same main cause include Berkley Scholarship Fund Inc ($51k), Bismarck Emergency Food Pantry Inc ($51k) and PTA California Congress of Parents Teachers and Students Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 0.5% of the total. At year end it held assets of $908k against liabilities of $0, net assets of $908k.

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.