Shaker Historical Society

Analysis

Shaker Historical Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1956, 70 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shaker Historical Society reported income of $164k and spending of $248k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $471k to $164k (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shaker Historical Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Veterans Memorial Museum Foundation Inc ($164k), Desert Winds Freedom Band ($164k) and American Institute for Roman Culture Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $45k (18% of expenses). Other salaries and wages came to $78k. At year end it held assets of $606k against liabilities of $5,699, net assets of $601k. It reported 7 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.