Linn County Historical Society

Analysis

Linn County Historical Society is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Linn County Historical Society reported income of $553k and spending of $628k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to August 2023, income fell from $826k to $553k (-33%), an average of -9.6% a year. The sharpest change came in the year to August 2021, when income rose by 240%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Linn County Historical Society sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Beaumont Heritage Society ($553k), BGH Foundation ($553k) and Center for the Creative Arts Inc ($553k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $106k (17% of expenses). Other salaries and wages came to $185k. At year end it held assets of $5.2m against liabilities of $172k, net assets of $5.0m. It reported 10 employees.