Lowndes County Historical Society

Analysis

Lowndes County Historical Society is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in March 1992, 34 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 2022, Lowndes County Historical Society reported income of $106k and spending of $140k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $216k to $106k (-51%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lowndes County Historical Society sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include New Braunfels Historic Railroad and Modellers Society Inc ($106k), North Dakota Newspaper Association ($106k) and Andrew Housing Company ($106k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $48k (34% of expenses). Other salaries and wages came to $9,904. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m. It reported 3 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.