Wayne County Historical Society

Analysis

Wayne County Historical Society is a registered charity in United States, based in Corydon, IA. It received its IRS tax-exemption ruling in October 1964, 62 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, Wayne County Historical Society reported income of $108k and spending of $149k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $108k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne County Historical Society sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Kendallville Windmill Museum and Historical Society Inc ($108k), Vashon Events ($108k) and Harmonia Stellarum Houston ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.9% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.4m against liabilities of $2,074, net assets of $2.4m. 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.