Franklin County Historical Society Inc

Analysis

Franklin County Historical Society Inc is a registered charity in United States, based in Ottawa, KS. It received its IRS tax-exemption ruling in February 1962, 64 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, Franklin County Historical Society Inc reported income of $161k and spending of $182k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $161k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin County Historical Society Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KS. Charities of a similar size with the same main cause include Brennen Elementary School Parent-Teacher Organization PTO ($161k), Youngs Mens Christian Association of Greensboro Endowment Inc ($161k) and North Carolina Library Assn ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $42k (23% of expenses). Other salaries and wages came to $59k. At year end it held assets of $877k against liabilities of $12k, net assets of $864k. It reported 11 employees.

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.