Norwegian American Genealogical Center Inc

Analysis

Norwegian American Genealogical Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 2007, 19 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, Norwegian American Genealogical Center Inc reported income of $472k and spending of $388k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $626k to $472k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norwegian American Genealogical Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Northampton Community Televisionincorporated ($472k), Apples and Oranges Art Inc ($472k) and Hollywood Science Fiction Foundation ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). Other salaries and wages came to $133k. At year end it held assets of $3.6m against liabilities of $25k, net assets of $3.6m. It reported 13 employees.