White Bear Lake Area Historical Society

Analysis

White Bear Lake Area Historical Society is a registered charity in United States, based in White Bear Lake, MN. It received its IRS tax-exemption ruling in January 1974, 52 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, White Bear Lake Area Historical Society reported income of $949k and spending of $779k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $215k to $949k (+342%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 918%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, White Bear Lake Area Historical Society sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Urban Impact Ministries ($949k), Harvest Ministries Inc ($950k) and Commons Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $149k (19% of expenses). Other salaries and wages came to $248k. At year end it held assets of $2.8m against liabilities of $53k, net assets of $2.7m. It reported 11 employees.