Squirrel Island Historical Society

Analysis

Squirrel Island Historical Society is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in December 1996, 30 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 July 2022, Squirrel Island Historical Society reported income of $58k and spending of $36k, leaving 38% of income unspent that year. Across the 3 years on record, from July 2020 to July 2022, income fell from $144k to $58k (-60%), an average of -36% a year. The sharpest change came in the year to July 2021, when income dropped by 47%. Over the whole period it spent 27% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Squirrel Island Historical Society sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Black Diamond Ballet ($58k), Preservation Kentucky Inc ($58k) and Voice of Armenians ($58k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 49% and program service revenue 37% of the total. Other salaries and wages came to $10k. At year end it held assets of $292k against liabilities of $0, net assets of $292k. It reported 1 employees.