Story City Historical Society

Analysis

Story City Historical Society is a registered charity in United States, based in Story City, IA. It received its IRS tax-exemption ruling in March 1998, 28 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, Story City Historical Society reported income of $75k and spending of $91k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $75k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 551%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Story City Historical Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IA. Charities of a similar size with the same main cause include Brazos Chamber Orchestra ($75k), Symphony League Endowment Fund ($75k) and Thursday Musical ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $41k. At year end it held assets of $2.3m against liabilities of $417, net assets of $2.3m. It reported 1 employees.