Morrison County Historical Society

Analysis

Morrison County Historical Society is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in February 1978, 48 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 (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, Morrison County Historical Society reported income of $212k and spending of $196k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $212k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morrison County Historical Society sits at the 61st percentile: it is larger than about 61% 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 Orissa Culture Center Inc ($212k), Freed Performing Arts Inc ($212k) and Providence Place V ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $451k against liabilities of $98k, net assets of $352k. It reported 6 employees.