Iroquois County Historical Society

Analysis

Iroquois County Historical Society is a registered charity in United States, based in Watseka, IL. It received its IRS tax-exemption ruling in October 1967, 59 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, Iroquois County Historical Society reported income of $121k and spending of $261k, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $174k to $121k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 341%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iroquois County Historical Society sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Volunteers of America Inc ($121k), Virginia Congress of Parents and Teachers ($121k) and River Rats Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 22% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.0m against liabilities of -$5,316, net assets of $1.0m. It reported 2 employees.