Redwood County Historical Society

Analysis

Redwood County Historical Society is a registered charity in United States, based in Redwood Falls, MN. It received its IRS tax-exemption ruling in September 1981, 45 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, Redwood County Historical Society reported income of $224k and spending of $148k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $224k (+141%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 458%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redwood County Historical Society sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include State Theater Company ($224k), Theatre for Young America Inc ($224k) and New Musicals Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.7m against liabilities of $7,500, net assets of $1.7m. It reported 4 employees.