Schroeder Area Historical Society

Analysis

Schroeder Area Historical Society is a registered charity in United States, based in Schroeder, MN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Schroeder Area Historical Society reported income of $71k and spending of $134k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $71k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schroeder Area Historical Society sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Wakefield Museum Association Inc ($71k), Childrens International Summer Village Inc Knoxville ($71k) and Residential Options Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $56k. At year end it held assets of $506k against liabilities of $3,975, net assets of $502k. 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.