Norwegian-American Historical Association

Analysis

Norwegian-American Historical Association is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in August 1947, 79 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norwegian-American Historical Association reported income of $582k and spending of $280k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $582k (+159%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norwegian-American Historical Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Access Humboldt ($582k), Childrens Museum of Siouxland Inc ($582k) and Wabanaki Cultural Preservation Coalition ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 0.2% of the total. Other salaries and wages came to $200k. At year end it held assets of $4.2m against liabilities of $389k, net assets of $3.8m. It reported 4 employees.