Algonac-Clay Township Historical Society

Analysis

Algonac-Clay Township Historical Society is a registered charity in United States, based in Algonac, MI. It received its IRS tax-exemption ruling in November 1992, 34 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, Algonac-Clay Township Historical Society reported income of $86k and spending of $110k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $86k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Algonac-Clay Township Historical Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Georgia Youth Science & Technology Center Inc ($86k), College of Osteopathic Medicine of Ok State Univ Alumni Assn ($86k) and Springbrook Nature Center Foundation ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.2m against liabilities of $9,798, net assets of $1.2m.