Kandiyohi County Historical Society

Analysis

Kandiyohi County Historical Society is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in May 1945, 81 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 December 2023, Kandiyohi County Historical Society reported income of $185k and spending of $215k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $311k to $185k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kandiyohi County Historical Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Steel Horse Rally Inc ($185k), Little League Baseball Inc ($185k) and Clay Associates ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $65k (30% of expenses). Other salaries and wages came to $38k. At year end it held assets of $2.5m against liabilities of $2,802, net assets of $2.5m. It reported 3 employees.