Chagrin Falls Historical Society

Analysis

Chagrin Falls Historical Society is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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, Chagrin Falls Historical Society reported income of $544k and spending of $255k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $544k (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chagrin Falls Historical Society sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Trustee U Estate of Ida C Kayser ($544k), Encounters Network a Ministry to the Nations ($544k) and Redding Youth Soccer League ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 8.1% of the total. Other salaries and wages came to $83k. At year end it held assets of $3.3m against liabilities of $6,419, net assets of $3.2m. It reported 3 employees.