Historical Society of Michigan

Analysis

Historical Society of Michigan is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1949, 77 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Historical Society of Michigan reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $1.9m (+29%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Michigan sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Forum for Cultural Engagement Inc ($1.9m), Independent Curators International ($1.9m) and Titusville Playhouse Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $163k (8.4% of expenses). Other salaries and wages came to $706k. At year end it held assets of $4.3m against liabilities of $388k, net assets of $3.9m. It reported 27 employees.