Chippewa County Historical Society Inc

Analysis

Chippewa County Historical Society Inc is a registered charity in United States, based in Montevideo, MN. It received its IRS tax-exemption ruling in January 1969, 57 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, Chippewa County Historical Society Inc reported income of $124k and spending of $118k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $156k to $124k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chippewa County Historical Society Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Voice of Art Inc ($124k), Ashland New Plays Festival ($124k) and Nacogdoches County Historical Foundation ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $14k (12% of expenses). Other salaries and wages came to $6,976. At year end it held assets of $1.2m against liabilities of $1,532, net assets of $1.2m. It reported 5 employees.