Mahoning Valley Historical Society

Analysis

Mahoning Valley Historical Society is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in March 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mahoning Valley Historical Society reported income of $3.0m and spending of $1.5m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.0m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mahoning Valley Historical Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Library Foundation Inc Serving the People of Multnomah County ($3.0m), Conservation Science Partners Inc ($3.0m) and LSST Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $82k (5.5% of expenses). Other salaries and wages came to $483k. At year end it held assets of $13.3m against liabilities of $606k, net assets of $12.7m. It reported 41 employees.