Western Reserve Historical Society

Analysis

Western Reserve Historical Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1940, 86 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 June 2023, Western Reserve Historical Society reported income of $6.9m and spending of $6.7m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.6m to $6.9m (+50%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western Reserve Historical Society sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Dallas Holocaust Museum ($6.9m), Casa Manana Inc ($6.9m) and William a Farnsworth Library and Art Museum Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $324k (4.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $43.3m against liabilities of $1.3m, net assets of $41.9m. It reported 139 employees.