Midwest Old Settlers and Threshers Assn Inc

Analysis

Midwest Old Settlers and Threshers Assn Inc is a registered charity in United States, based in Mt Pleasant, IA. It received its IRS tax-exemption ruling in December 1968, 58 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, Midwest Old Settlers and Threshers Assn Inc reported income of $2.7m and spending of $2.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 310%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Old Settlers and Threshers Assn Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Tulsa Symphony Orchestra Inc ($2.7m), Delta Air Transport Heritage Museum Inc ($2.7m) and Mexican American Catholic College ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Other salaries and wages came to $411k. At year end it held assets of $6.2m against liabilities of $237k, net assets of $5.9m. It reported 35 employees.