Elkhorn Valley Historical Society of Norfolk

Analysis

Elkhorn Valley Historical Society of Norfolk is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in January 1986, 40 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 June 2024, Elkhorn Valley Historical Society of Norfolk reported income of $159k and spending of $225k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $149k to $159k (+6.8%), an average of +1.6% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 171% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elkhorn Valley Historical Society of Norfolk sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NE. Charities of a similar size with the same main cause include Community Bible School ($159k), Habitat for Humanity International Inc ($159k) and Public Archaeology Survey Team Inc ($159k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 15% of the total. Other salaries and wages came to $65k. At year end it held assets of $2.3m against liabilities of $1,725, net assets of $2.3m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.