Castlewood Historical Society

Analysis

Castlewood Historical Society is a registered charity in United States, based in Castlewood, SD. It received its IRS tax-exemption ruling in April 2005, 21 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Castlewood Historical Society reported income of $52k and spending of $130k, spending 251% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $44k to $52k (+19%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 181% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Castlewood Historical Society sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 15th percentile within SD. Charities of a similar size with the same main cause include Foundation of the Flora of Virginia Project Inc ($52k), Milwaukee Symphony Orchestra Endowment Trust ($52k) and Santa Clara Valley Watercolor Society ($52k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 4.2% of the total. Compensation of current officers, directors and key employees was $7,200 (5.5% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.