Lake County Historical Society

Analysis

Lake County Historical Society is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in February 1987, 39 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 $104k and spending of $130k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $34k to $104k (+208%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 302%. Over the whole period it spent 74% 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 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within SD. Charities of a similar size with the same main cause include Sportsmens Club of Lake Vermilion Inc ($104k), Nebraska Health Care Foundation ($104k) and Hudson Chorale Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $48k (37% of expenses). Other salaries and wages came to $23k. At year end it held assets of $841k against liabilities of $0, net assets of $841k. It reported 3 employees.