Wakefield Historical Society

Analysis

Wakefield Historical Society is a registered charity in United States, based in Wakefield, MI. It received its IRS tax-exemption ruling in May 2011, 15 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wakefield Historical Society reported income of $75k and spending of $31k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $808k to $75k (-91%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 5.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wakefield Historical Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Oconomowoc Festival of the Arts Ltd ($75k), Womensing ($75k) and Ridgewood Symphony Orchestra ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.