Nobles County Historical Society

Analysis

Nobles County Historical Society is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in December 1953, 73 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, Nobles County Historical Society reported income of $532k and spending of $229k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $532k (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nobles County Historical Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Western Catholic Educationalassociation ($532k), Friends of the Pleasant Hill Library Inc ($532k) and Bay Arts Alliance Inc ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Other salaries and wages came to $60k. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m. It reported 5 employees.