Franklin County Historical Society

Analysis

Franklin County Historical Society is a registered charity in United States, based in Hampton, IA. It received its IRS tax-exemption ruling in December 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Franklin County Historical Society reported income of $68k and spending of $104k, spending 152% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $327k to $68k (-79%), an average of -32% a year. The sharpest change came in the year to August 2020, when income rose by 66%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin County Historical Society sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IA. Charities of a similar size with the same main cause include World Swing Dance Council Inc ($68k), Hastings Art Council ($68k) and Chamber Music Society of Wilmington ($68k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $992k against liabilities of $0, net assets of $992k.