Madrid Historical Society

Analysis

Madrid Historical Society is a registered charity in United States, based in Madrid, IA. It received its IRS tax-exemption ruling in January 1996, 30 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, Madrid Historical Society reported income of $98k and spending of $81k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $98k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madrid Historical Society sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Dark & Stormy Productions ($98k), Bogalusa Blues and Heritage Festival ($98k) and Wei-Hwa Chinese School ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.