Iron County Historical and Museum Society

Analysis

Iron County Historical and Museum Society is a registered charity in United States, based in Caspian, MI. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, Iron County Historical and Museum Society reported income of $177k and spending of $187k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $143k to $177k (+24%), an average of +4.4% a year. The sharpest change came in the year to December 2019, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iron County Historical and Museum 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 50th percentile within MI. Charities of a similar size with the same main cause include Women Shoah-Jewish Placemaking ($177k), Friends of the Cable Car Museum Inc ($177k) and Flamenco Fever ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 9.9% of the total. Other salaries and wages came to $83k. At year end it held assets of $605k against liabilities of $293, net assets of $605k. It reported 6 employees.