Tower-Soudan Historical Society

Analysis

Tower-Soudan Historical Society is a registered charity in United States, based in Tower, MN. It received its IRS tax-exemption ruling in June 2008, 18 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, Tower-Soudan Historical Society reported income of $469k and spending of $543k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $339k to $469k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tower-Soudan Historical Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Booklyn Incorporated ($469k), Caroline Calouche & Co ($469k) and Heritage Works ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.