Lac Qui Parle County Historical Society

Analysis

Lac Qui Parle County Historical Society is a registered charity in United States, based in Madison, MN. It received its IRS tax-exemption ruling in June 1968, 58 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 September 2023, Lac Qui Parle County Historical Society reported income of $100k and spending of $124k, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $56k to $100k (+77%), an average of +15% a year. The sharpest change came in the year to September 2022, when income rose by 58%. Over the whole period it spent 150% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lac Qui Parle County Historical Society sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($100k), Kiwanis Club of Los Rancheros Foundation ($100k) and Ask a Bishop ($100k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $53k (43% of expenses). At year end it held assets of $651k against liabilities of $0, net assets of $651k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.