Northfield Historical Society Inc

Analysis

Northfield Historical Society Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 December 2023, Northfield Historical Society Inc reported income of $205k and spending of $306k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $205k (-2.2%), an average of -0.6% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northfield Historical Society Inc 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 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Housing and Economic Rural Opportunity Inc ($205k), Senior Citizens of Kodiak Endowment Fund Inc ($205k) and Wilkes Heritage Museum Incorporated ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 29% of the total. Other salaries and wages came to $129k. At year end it held assets of $1.3m against liabilities of $44k, net assets of $1.2m. It reported 12 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.