Phelps County Historical Society

Analysis

Phelps County Historical Society is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in February 1980, 46 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 April 2024, Phelps County Historical Society reported income of $288k and spending of $354k, spending 123% of what it took in. Across the 4 years on record, from April 2020 to April 2024, income fell from $350k to $288k (-18%), an average of -6.3% a year. The sharpest change came in the year to April 2024, when income dropped by 22%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phelps County Historical Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include The Arc Mid-Hudson Foundation ($287k), Ukrainian American Freedom Foundation Inc ($288k) and Mercy Health Foundation Lebanon ($287k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $43k (12% of expenses). Other salaries and wages came to $61k. At year end it held assets of $2.7m against liabilities of $77k, net assets of $2.6m. It reported 9 employees.