The Illinois State Historical Society

Analysis

The Illinois State Historical Society is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in July 1947, 79 years ago. 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 Illinois State Historical Society reported income of $334k and spending of $426k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $374k to $334k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Illinois State Historical Society sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include South Florida Youth Symphony Inc ($334k), Lake Winnipesaukee Alliance ($334k) and Center Township Elderly Housing Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $78k (18% of expenses). Other salaries and wages came to $89k. At year end it held assets of $2.9m against liabilities of $637k, net assets of $2.3m. It reported 3 employees.