Kewanee Historical Society

Analysis

Kewanee Historical Society is a registered charity in United States, based in Kewanee, IL. It received its IRS tax-exemption ruling in November 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kewanee Historical Society reported income of $50k and spending of $21k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $479k to $50k (-90%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 14% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kewanee Historical Society sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Monongalia County Arts Center Association Inc ($50k), Lake Fenton Music Boosters ($50k) and Bellingham Chamber Music Society ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $6,033 (28% of expenses). At year end it held assets of $944k against liabilities of $0, net assets of $944k. It reported 1 employees.