Zeeland Historical Society

Analysis

Zeeland Historical Society is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in March 1977, 49 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, Zeeland Historical Society reported income of $141k and spending of $166k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $190k to $141k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Zeeland 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 Ransomville Free Library ($141k), Alliance for the Physically Disabled Inc ($141k) and PTA New Jersey Congress of Parents & Teachers ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $76k. At year end it held assets of $715k against liabilities of $2,890, net assets of $712k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.