Polk County Historical Society

Analysis

Polk County Historical Society is a registered charity in United States, based in Balsam Lake, WI. It received its IRS tax-exemption ruling in January 2000, 26 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, Polk County Historical Society reported income of $141k and spending of $71k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $141k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polk County Historical Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Gharoaa ($141k), Lakeville North Band Boosters ($141k) and Preservation Society of Ellicott Hill ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 49% of the total. At year end it held assets of $260k against liabilities of $2,840, net assets of $258k.