Washington Historical Society

Analysis

Washington Historical Society is a registered charity in United States, based in Washington, IL. It received its IRS tax-exemption ruling in January 1995, 31 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 April 2024, Washington Historical Society reported income of $90k and spending of $54k, leaving 40% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income fell from $326k to $90k (-72%), an average of -28% a year. The sharpest change came in the year to April 2022, when income rose by 74%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Historical Society sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Music Academy Foundation ($90k), International Porcelain Artists and Teachers Inc ($90k) and Lake Bluff History Museum ($90k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $879k against liabilities of $0, net assets of $879k.