Ramsey County Historical Society Inc

Analysis

Ramsey County Historical Society Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1959, 67 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 June 2023, Ramsey County Historical Society Inc reported income of $2.6m and spending of $1.5m, leaving 41% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.6m (+140%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ramsey County Historical Society Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Lakewood Theatre Company ($2.6m), Englert Civic Theatre Inc Non Profit ($2.6m) and Faith and Politics Institute ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $106k (7.0% of expenses). Other salaries and wages came to $557k. At year end it held assets of $6.8m against liabilities of $57k, net assets of $6.7m. It reported 40 employees.