Historical Society of Idaho Springs

Analysis

Historical Society of Idaho Springs is a registered charity in United States, based in Idaho Springs, CO. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Historical Society of Idaho Springs reported income of $189k and spending of $212k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $189k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Idaho Springs 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 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Oil Gas and Industrial Historical Association Inc ($189k), Crawford County Fair Assc ($189k) and Institute for Sustainability Education and Ecology ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $125k. At year end it held assets of $718k against liabilities of $2,625, net assets of $716k. It reported 4 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.