Blue Earth County Historical Society

Analysis

Blue Earth County Historical Society is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in December 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Earth County Historical Society reported income of $319k and spending of $604k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $319k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Earth County Historical Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Childrens Chorus of Maryland ($319k), Scandia Heritage Alliance ($319k) and In Black Ink ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. Other salaries and wages came to $199k. At year end it held assets of $1.8m against liabilities of $33k, net assets of $1.8m. It reported 7 employees.