Watonwan County Historical Society

Analysis

Watonwan County Historical Society is a registered charity in United States, based in Madelia, MN. It received its IRS tax-exemption ruling in June 1966, 60 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, Watonwan County Historical Society reported income of $458k and spending of $66k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $458k (+640%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 407%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watonwan County Historical Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Community Arts Center Foundation ($458k), Links Hall Incorporated ($458k) and Arts in Reach-Encouraging Growth Through the Arts ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $975k against liabilities of $241, net assets of $974k. It reported 6 employees.