Lake County Historical Society

Analysis

Lake County Historical Society is a registered charity in United States, based in Kenmare, ND. It received its IRS tax-exemption ruling in February 1976, 50 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 December 2023, Lake County Historical Society reported income of $59k and spending of $65k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $59k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Historical Society sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 15th percentile within ND. Charities of a similar size with the same main cause include Beltzhoover Consensus Group ($59k), Mohonk Consultations Inc ($59k) and Alcoholics Anonymous of Greater Miami Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 27% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.