Boone County Historical Society

Analysis

Boone County Historical Society is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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 December 2023, Boone County Historical Society reported income of $99k and spending of $65k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $87k to $99k (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 960%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boone County Historical Society sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Mott Opportunity Today and Tomorrow Inc ($99k), Reading Is Fundamental Honolulu Inc ($99k) and Taos Arts Council ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 5.2% of the total. At year end it held assets of $933k against liabilities of $0, net assets of $933k.