Streatorland Historical Society Inc

Analysis

Streatorland Historical Society Inc is a registered charity in United States, based in Streator, IL. It received its IRS tax-exemption ruling in July 2014, 12 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, Streatorland Historical Society Inc reported income of $124k and spending of $65k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $352k to $124k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Streatorland Historical Society Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Grand Rapids African American Museum and Archives ($124k), Desoto Arts Council ($125k) and Alltogethernow Corp ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $643k against liabilities of $0, net assets of $643k. It reported 3 employees.