Franklin County Historical Society

Analysis

Franklin County Historical Society is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1962, 64 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 September 2023, Franklin County Historical Society reported income of $27.4m and spending of $26.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.6m to $27.4m (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2022, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin County Historical Society sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Music Associates of Aspen Inc ($27.3m), Austin Theatre Alliance ($27.5m) and National Minority Supplier Development Council Inc ($27.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.2m (4.6% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $30.2m against liabilities of $8.1m, net assets of $22.1m. It reported 187 employees.