Kalona Historical Society

Analysis

Kalona Historical Society is a registered charity in United States, based in Kalona, IA. It received its IRS tax-exemption ruling in September 1976, 50 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 December 2023, Kalona Historical Society reported income of $405k and spending of $267k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $405k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kalona Historical Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Oahu Hawaiian Canoe Racing Association Hawaii ($405k), Henderson Chamber of Commerce Foundation Inc ($405k) and Stars of Tomorrow Dance Co ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 20% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.6m against liabilities of $70k, net assets of $1.6m. It reported 13 employees.