Montgomery County Historical Society

Analysis

Montgomery County Historical Society is a registered charity in United States, based in Red Oak, IA. It received its IRS tax-exemption ruling in June 1991, 35 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 June 2024, Montgomery County Historical Society reported income of $258k and spending of $230k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $91k to $258k (+183%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 311%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery County Historical Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Friends of Deepwood ($258k), National Church Residences of ($258k) and Little League Baseball Inc ($258k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $55k (24% of expenses). Other salaries and wages came to $4,932. At year end it held assets of $4.9m against liabilities of $2,111, net assets of $4.9m. It reported 3 employees.