Nicollet County Historical Society

Analysis

Nicollet County Historical Society is a registered charity in United States, based in St Peter, MN. It received its IRS tax-exemption ruling in May 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, Nicollet County Historical Society reported income of $209k and spending of $295k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $209k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicollet County Historical Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Scott Area Team Sprots Inc Sats ($209k), Korean-American Seniors Association of Oc ($209k) and Boy Scouts of America ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $49k (17% of expenses). Other salaries and wages came to $52k. At year end it held assets of $1.0m against liabilities of $11k, net assets of $997k. It reported 7 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.