Martin County Historical Society

Analysis

Martin County Historical Society is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in October 1957, 69 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Martin County Historical Society reported income of $259k and spending of $315k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $196k to $259k (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin County Historical Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Greater Cleveland Urban Film Foundation ($259k), Latin Community Services Inc ($259k) and Springfield Contemporary Theatre Inc ($259k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 1.7% of the total. Other salaries and wages came to $116k. At year end it held assets of $2.8m against liabilities of $18k, net assets of $2.8m. It reported 3 employees.