Granite Falls Historical Society

Analysis

Granite Falls Historical Society is a registered charity in United States, based in Granite Falls, WA. It received its IRS tax-exemption ruling in June 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Granite Falls Historical Society reported income of $57k and spending of $59k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $82k to $57k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Granite Falls Historical Society sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include Camillus Canal Society Inc ($57k), Modern Money Network Limited ($57k) and Chautauqua Historical Society ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 37% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.