Massachusetts Society of Mayflower Descendants

Analysis

Massachusetts Society of Mayflower Descendants is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in July 2020, 6 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, Massachusetts Society of Mayflower Descendants reported income of $701k and spending of $392k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $735k to $701k (-4.7%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Massachusetts Society of Mayflower Descendants sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Kundiman Inc ($700k), Middletown Township Cultural and Ar TS Council ($701k) and Strawtown Art & Garden Studio ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $88k (22% of expenses). At year end it held assets of $4.1m against liabilities of $81k, net assets of $4.0m. It reported 4 employees.