Wilmette Historical Society

Analysis

Wilmette Historical Society is a registered charity in United States, based in Wilmette, IL. It received its IRS tax-exemption ruling in February 1968, 58 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 December 2023, Wilmette Historical Society reported income of $88k and spending of $123k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $76k to $88k (+16%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wilmette Historical Society sits at the 33rd percentile: it is larger than about 33% 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 Saranac Lake Youth Center Inc ($88k), Frackville Free Public Library ($88k) and PTA Texas Congress ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 3.2% of the total. At year end it held assets of $1.4m against liabilities of $52k, net assets of $1.3m.

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.