Floyd County Historical Society

Analysis

Floyd County Historical Society is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in January 1966, 60 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 August 2024, Floyd County Historical Society reported income of $1.5m and spending of $258k, leaving 82% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $123k to $1.5m (+1093%), an average of +64% a year. The sharpest change came in the year to August 2024, when income rose by 615%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Floyd County Historical Society sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Art Association of Jackson Hole ($1.5m), Forward Theater Company ($1.5m) and Spoke Art Inc ($1.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 89% and program service revenue 3.2% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 4 employees.