Marathon County Historical Society

Analysis

Marathon County Historical Society is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in May 1954, 72 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, Marathon County Historical Society reported income of $399k and spending of $653k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $399k (+2.7%), an average of +0.7% a year. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marathon County Historical Society sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Gig Harbor Downtown Waterfront Alliance ($399k), Tupper Arts ($399k) and Lotus Education and Arts Foundation Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $39k (6.0% of expenses). Other salaries and wages came to $171k. At year end it held assets of $10.9m against liabilities of $18k, net assets of $10.9m. It reported 22 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.