Historical Society of Saginaw County Inc

Analysis

Historical Society of Saginaw County Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in August 1967, 59 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, Historical Society of Saginaw County Inc reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Society of Saginaw County Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Camano Senior Services Association ($1.3m), Mountain Mission Inc Welfare Acct ($1.3m) and Cny Fair Housing Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $170k (15% of expenses). Other salaries and wages came to $541k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 21 employees.