Lyon County Historical Society

Analysis

Lyon County Historical Society is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Lyon County Historical Society reported income of $198k and spending of $148k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $371k to $198k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lyon County Historical Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Rocky Mountain Black Conservatives ($198k), Elm Research Institute Incorporated ($198k) and Atlanta Baseball Foundation Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $42k (28% of expenses). Other salaries and wages came to $25k. At year end it held assets of $674k against liabilities of $7,538, net assets of $666k. It reported 2 employees.