McKean County Historical Society

Analysis

McKean County Historical Society is a registered charity in United States, based in Smethport, PA. It received its IRS tax-exemption ruling in January 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McKean County Historical Society reported income of $54k and spending of $62k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $57k to $54k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. 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, McKean County Historical Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Fisterra Projects ($54k), Sweet Adelines International ($54k) and Old Slater Mill Association ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $39k. At year end it held assets of $106k against liabilities of $9,731, net assets of $96k. It reported 3 employees.