Mendota Museum & Historical Society

Analysis

Mendota Museum & Historical Society is a registered charity in United States, based in Mendota, IL. It received its IRS tax-exemption ruling in October 1993, 33 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 April 2024, Mendota Museum & Historical Society reported income of $179k and spending of $203k, spending 113% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $97k to $179k (+85%), an average of +17% a year. The sharpest change came in the year to April 2024, when income rose by 62%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mendota Museum & Historical Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include National Institute of Governmental Purchasing Inc ($179k), India Association of Charlotte ($179k) and Hermosa Beach Historical Society ($179k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 15% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $12k (5.8% of expenses). Other salaries and wages came to $25k. At year end it held assets of $2.5m against liabilities of $5,940, net assets of $2.5m. It reported 5 employees.

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.