Gallatin Historical Society

Analysis

Gallatin Historical Society is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in September 1978, 48 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 2023, Gallatin Historical Society reported income of $200k and spending of $243k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $200k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gallatin Historical Society sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MT. Charities of a similar size with the same main cause include Cleveland/Bradley Chamber Foundation ($200k), Alternative Care Services of Wny Inc ($200k) and Little League Baseball Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $35k (14% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m. It reported 7 employees.