Clearwater County Historical Society

Analysis

Clearwater County Historical Society is a registered charity in United States, based in Bagley, MN. It received its IRS tax-exemption ruling in September 1983, 43 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 November 2023, Clearwater County Historical Society reported income of $97k and spending of $107k, spending 110% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $114k to $97k (-15%), an average of -3.9% a year. The sharpest change came in the year to November 2022, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearwater County Historical Society sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Sightless Children Club ($97k), Jackson County Historical Society ($97k) and Waverly-Belmont Parent-Teacher Organization ($97k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $59k (55% of expenses). At year end it held assets of $192k against liabilities of $0, net assets of $192k. It reported 4 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.