Olmsted County Historical Society

Analysis

Olmsted County Historical Society is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in February 1945, 81 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, Olmsted County Historical Society reported income of $754k and spending of $984k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $704k to $754k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olmsted County Historical Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Washington Studio School Inc ($754k), Joint Apprenticeship & Training Committee Paducah Div Southern ($754k) and Virginia Tech Innovations Corporation ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $74k (7.6% of expenses). Other salaries and wages came to $360k. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.4m. It reported 25 employees.