Lucas County Historical Society

Analysis

Lucas County Historical Society is a registered charity in United States, based in Chariton, IA. It received its IRS tax-exemption ruling in October 1966, 60 years ago. 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, Lucas County Historical Society reported income of $65k and spending of $50k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $65k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lucas County Historical Society sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within IA. Charities of a similar size with the same main cause include Long Island Latino Teachers Association Inc ($65k), Ponca City Junior Baseball Inc ($65k) and PTA California Congress of Parents Teachers & Students Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $18k. At year end it held assets of $821k against liabilities of $667, net assets of $821k. It reported 2 employees.