Greater Loveland Historical Society Inc

Analysis

Greater Loveland Historical Society Inc is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2023, Greater Loveland Historical Society Inc reported income of $81k and spending of $91k, spending 112% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income grew from $39k to $81k (+106%), an average of +20% a year. The sharpest change came in the year to February 2023, when income rose by 149%. Over the whole period it spent 171% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Loveland Historical Society Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Wound Ostomy and Continence Nurses Society Foundation ($81k), Atascocita High School Theatre Arts Booster Club ($81k) and Mifflin County Music Boosters Association ($81k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 32% and program service revenue 9.7% of the total. Other salaries and wages came to $19k. At year end it held assets of $3.6m against liabilities of $57, net assets of $3.6m. It reported 2 employees.

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.