Grundy County Historical Society

Analysis

Grundy County Historical Society is a registered charity in United States, based in Morris, IL. It received its IRS tax-exemption ruling in October 1979, 47 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 April 2024, Grundy County Historical Society reported income of $114k and spending of $84k, leaving 26% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $79k to $114k (+45%), an average of +9.7% a year. The sharpest change came in the year to April 2022, when income rose by 185%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grundy County Historical Society sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Little League Baseball Inc ($114k), Passion 4 Paws Inc ($114k) and Italian Sons and Daughters of America Cultural Heritage Foundati ($114k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $17k (20% of expenses). Other salaries and wages came to $6,670. At year end it held assets of $926k against liabilities of $489, net assets of $926k. It reported 3 employees.