Faribault County Historical Society

Analysis

Faribault County Historical Society is a registered charity in United States, based in Blue Earth, MN. It received its IRS tax-exemption ruling in September 1959, 67 years ago. 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 October 2023, Faribault County Historical Society reported income of $71k and spending of $210k, spending 295% of what it took in. Across the 4 years on record, from October 2020 to October 2023, income fell from $80k to $71k (-11%), an average of -3.9% a year. The sharpest change came in the year to October 2022, when income rose by 224%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faribault County Historical Society sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Hart Luck Good Ride LLC ($71k), PTA Oregon Congress ($71k) and Houston Gem and Mineral Society ($71k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.1% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.