Concord Antiquarian Society

Analysis

Concord Antiquarian Society is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in April 1929, 97 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 September 2023, Concord Antiquarian Society reported income of $1.9m and spending of $2.9m, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $1.9m (-17%), an average of -4.5% a year. The sharpest change came in the year to September 2022, when income dropped by 42%. 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, Concord Antiquarian Society sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Greater Akron Musical Association Inc Sponsor for Akron Symphony Orc ($1.9m), Grabhorn Institute ($1.9m) and The New Festival Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $310k (11% of expenses). Other salaries and wages came to $994k. At year end it held assets of $20.7m against liabilities of $245k, net assets of $20.5m. It reported 58 employees.