Historical and Cultural Society of Clay County

Analysis

Historical and Cultural Society of Clay County is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in March 1956, 70 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 December 2023, Historical and Cultural Society of Clay County reported income of $734k and spending of $876k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $944k to $734k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical and Cultural Society of Clay County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Black Theatre Troupe Inc ($734k), Where Angels Play Foundation ($734k) and Smack Mellon Studios Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $74k (8.5% of expenses). Other salaries and wages came to $364k. At year end it held assets of $1.2m against liabilities of $69k, net assets of $1.1m. It reported 19 employees.