Racine County Historical Society and Museum Inc

Analysis

Racine County Historical Society and Museum Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Racine County Historical Society and Museum Inc reported income of $497k and spending of $514k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $348k to $497k (+43%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 323%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine County Historical Society and Museum Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Main Line Senior Services Inc ($497k), Doylestown Athletic Association ($497k) and Downtown Islamic Center ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $191k (37% of expenses). At year end it held assets of $3.1m against liabilities of $22k, net assets of $3.1m. It reported 42 employees.