Monroe County Historical Society Inc

Analysis

Monroe County Historical Society Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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 March 2024, Monroe County Historical Society Inc reported income of $1.7m and spending of $646k, leaving 61% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $484k to $1.7m (+245%), an average of +36% a year. The sharpest change came in the year to March 2024, when income rose by 202%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monroe County Historical Society Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Louisiana Resource Center for Educators ($1.7m), Royal Oak Youth Soccer Assoc ($1.7m) and The Arc of Texas ($1.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 7.3% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $233k. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m. It reported 13 employees.