Benzie Area Historical Society

Analysis

Benzie Area Historical Society is a registered charity in United States, based in Benzonia, MI. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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 December 2023, Benzie Area Historical Society reported income of $142k and spending of $166k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $624k to $142k (-77%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benzie Area Historical Society sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Indiana University of Pennsylvania Alumni Association ($142k), Salisbury Fire Department 2 Inc ($142k) and Tri City Area United Way ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 7.2% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.2m against liabilities of $1,865, net assets of $1.2m. It reported 2 employees.