Two Rivers Historical Society

Analysis

Two Rivers Historical Society is a registered charity in United States, based in Two Rivers, WI. It received its IRS tax-exemption ruling in December 1968, 58 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, Two Rivers Historical Society reported income of $164k and spending of $167k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $850k to $164k (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Two Rivers Historical Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Little League Baseball Inc ($164k), Leadership Centre County ($164k) and Volunteers of America Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 2.2% of the total. Other salaries and wages came to $66k. At year end it held assets of $1.2m against liabilities of $1,050, net assets of $1.2m. It reported 5 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.