Morton County Historical Society Inc

Analysis

Morton County Historical Society Inc is a registered charity in United States, based in Elkhart, KS. It received its IRS tax-exemption ruling in April 1985, 41 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, Morton County Historical Society Inc reported income of $120k and spending of $135k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $140k to $120k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morton County Historical Society Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within KS. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($120k), Art League of Daytona Beach Inc ($120k) and Hope 4 Johnstown ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $16k against liabilities of $6,452, net assets of $9,333.

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.