Mount Horeb Area Historical Society Inc

Analysis

Mount Horeb Area Historical Society Inc is a registered charity in United States, based in Mount Horeb, WI. It received its IRS tax-exemption ruling in December 1977, 49 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 September 2024, Mount Horeb Area Historical Society Inc reported income of $271k and spending of $347k, spending 128% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $352k to $271k (-23%), an average of -5.1% a year. The sharpest change came in the year to September 2020, when income dropped by 59%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Horeb Area Historical Society Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Volunteers of America Inc ($271k), PTA Texas Congress ($271k) and National Association of Boards of Pharmacy Foundation Inc ($271k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 78% and program service revenue 4.4% of the total. Other salaries and wages came to $134k. At year end it held assets of $2.4m against liabilities of $24k, net assets of $2.4m. It reported 7 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.