Rice County Historical Society

Analysis

Rice County Historical Society is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in December 1977, 49 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, Rice County Historical Society reported income of $238k and spending of $183k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $238k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rice County Historical Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Northern Research Technical Assistance Center ($238k), Monroe-Walton Center for the Arts Inc ($238k) and Friends for Education ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.9% of the total. Other salaries and wages came to $69k. At year end it held assets of $856k against liabilities of $2,628, net assets of $853k. It reported 5 employees.