Timber Lake and Area Historical Society Inc

Analysis

Timber Lake and Area Historical Society Inc is a registered charity in United States, based in Timber Lake, SD. It received its IRS tax-exemption ruling in October 1983, 43 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, Timber Lake and Area Historical Society Inc reported income of $274k and spending of $270k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $274k (+301%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 417%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timber Lake and Area Historical Society Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within SD. Charities of a similar size with the same main cause include Tallahassee Christian College & Training Center Inc ($274k), Kad Rivkah-Hachnosas Kalloh Fund Inc ($274k) and Harford Senior Housing II Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $330 (0.1% of expenses). Other salaries and wages came to $19k. At year end it held assets of $2.2m against liabilities of $908, net assets of $2.2m. It reported 2 employees.