McHenry County Historical Society

Analysis

McHenry County Historical Society is a registered charity in United States, based in Union, IL. It received its IRS tax-exemption ruling in October 1965, 61 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 June 2023, McHenry County Historical Society reported income of $424k and spending of $489k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $159k to $424k (+167%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 228%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McHenry County Historical Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Constellation Performing Arts ($424k), Nederland Heritage Festival Foundation Inc ($424k) and The Holland Project ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 8.6% of the total. Other salaries and wages came to $262k. At year end it held assets of $7.6m against liabilities of $17k, net assets of $7.6m. It reported 8 employees.