Norwood Park Historical Society

Analysis

Norwood Park Historical Society is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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, Norwood Park Historical Society reported income of $52k and spending of $36k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $52k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwood Park Historical Society sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Female Charitable Society of Baldwinsville Inc ($52k), PTA Florida Congress ($52k) and Poquatuck Hall Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $569k against liabilities of $19k, net assets of $549k.