Little Traverse Historical Society

Analysis

Little Traverse Historical Society is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in August 1965, 61 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, Little Traverse Historical Society reported income of $77k and spending of $88k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $645k to $77k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Little Traverse Historical Society sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include San Juan Alumni Association ($77k), Society of Federal Labor & Employee Relations Professional Inc Sflerp ($77k) and PTA Pennsylvania Congress ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $30k (34% of expenses). Other salaries and wages came to $6,250. At year end it held assets of $654k against liabilities of $0, net assets of $654k. It reported 2 employees.