The Canton-Madison County Historical Society

Analysis

The Canton-Madison County Historical Society is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in September 1980, 46 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 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 June 2024, The Canton-Madison County Historical Society reported income of $192k and spending of $33k, leaving 83% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $60k to $192k (+221%), an average of +221% a year. The sharpest change came in the year to June 2024, when income rose by 221%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Canton-Madison County Historical Society sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within MS. Charities of a similar size with the same main cause include Joy for Generations Inc ($192k), Theatre Arts Guild ($192k) and Nebraska Coalition for Life Saving Cures ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $3,000 (9.1% of expenses). At year end it held assets of $284k against liabilities of $3,611, net assets of $280k.