Wayne County Indiana Historical Society

Analysis

Wayne County Indiana Historical Society is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in July 1941, 85 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, Wayne County Indiana Historical Society reported income of $189k and spending of $287k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $189k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne County Indiana Historical Society sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include St Lucas Historical Society ($189k), Korean School of New England Inc ($189k) and Dance Arts Centre Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $35k (12% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.5m against liabilities of $8,303, net assets of $1.5m. It reported 7 employees.