Geneseo Historical Association

Analysis

Geneseo Historical Association is a registered charity in United States, based in Geneseo, IL. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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, Geneseo Historical Association reported income of $141k and spending of $125k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $420k to $141k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geneseo Historical Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Aston Valley Baseball League ($141k), Windsor Area Community Television Inc ($141k) and Ford City Public Library ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $15k (12% of expenses). Other salaries and wages came to $12k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 3 employees.