St Louis County Historical Society

Analysis

St Louis County Historical Society is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 1951, 75 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, St Louis County Historical Society reported income of $650k and spending of $678k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $650k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Louis County Historical Society sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Womens Auxiliary of Saint Francis Hospital and Medical Center Inc ($650k), Yl Hearts Inc ($650k) and Foundation for Global Arts ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $186k. At year end it held assets of $3.9m against liabilities of $32k, net assets of $3.8m. It reported 13 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.