McLean County Historical Society

Analysis

McLean County Historical Society is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in June 2002, 24 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 March 2023, McLean County Historical Society reported income of $1.2m and spending of $1.7m, spending 137% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.3m to $1.2m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to March 2022, when income rose by 55%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McLean County Historical Society sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Philadelphia Citizen ($1.2m), Anthroposophical Society in America ($1.2m) and Clubbed Thumb Inc ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 69% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $98k (5.9% of expenses). Other salaries and wages came to $616k. At year end it held assets of $17.4m against liabilities of $657k, net assets of $16.8m. It reported 24 employees.