Golden Valley Historical Society

Analysis

Golden Valley Historical Society is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in May 1975, 51 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 August 2023, Golden Valley Historical Society reported income of $83k and spending of $118k, spending 143% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $81k to $83k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 156% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Valley Historical Society sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Grace Renewal Ministries Inc ($83k), Oregon State K of C Charities Inc ($83k) and Perinatal Research Society ($83k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $554k against liabilities of $0, net assets of $554k.

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.