Waseca County Historical Society

Analysis

Waseca County Historical Society is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in June 1971, 55 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, Waseca County Historical Society reported income of $285k and spending of $285k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $285k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waseca County Historical Society sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Local Cloth Inc ($285k), American Comparative Literature Association ($285k) and Miami Hoshuko Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $54k. At year end it held assets of $1.1m against liabilities of $5,194, net assets of $1.1m. It reported 5 employees.