Wapello County Historical Society

Analysis

Wapello County Historical Society is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in April 1977, 49 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, Wapello County Historical Society reported income of $55k and spending of $134k, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $55k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 240% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wapello County Historical Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Ksun Community Radio ($55k), Bakersfield Master Chorale Inc ($55k) and Oldies Preservation Society ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 25% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.5m against liabilities of $1,213, net assets of $1.5m. It reported 1 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.