Garfield Heritage Society Inc

Analysis

Garfield Heritage Society Inc is a registered charity in United States, based in Lafox, IL. It received its IRS tax-exemption ruling in December 1977, 49 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, Garfield Heritage Society Inc reported income of $148k and spending of $193k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $181k to $148k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 371%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garfield Heritage Society Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Wilson County Historical Society ($148k), Greater Grand Forks Symphony Association ($148k) and Scripps Theatre Arts ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.6% of the total. At year end it held assets of $1.4m against liabilities of $3,337, net assets of $1.3m. It reported 1 employees.