The Historymakers

Analysis

The Historymakers is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 (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, The Historymakers reported income of $3.6m and spending of $2.6m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.6m (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Historymakers sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Herbie Hancock Institute of Jazz ($3.6m), Little Italy Association of San Diego ($3.6m) and Cygnet Theatre Company ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $298k (11% of expenses). Other salaries and wages came to $574k. At year end it held assets of $13.7m against liabilities of $1.3m, net assets of $12.4m. It reported 17 employees.