New England Historic Genealogical Society Inc

Analysis

New England Historic Genealogical Society Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1922, 104 years ago. 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 August 2023, New England Historic Genealogical Society Inc reported income of $15.9m and spending of $15.0m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.1m to $15.9m (+21%), an average of +5.0% a year. The sharpest change came in the year to August 2021, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Historic Genealogical Society Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Boy Scouts of America ($15.9m), Redeemer Residence Inc ($15.9m) and Manteca District Volunteer Ambulance Service ($15.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $1.2m (8.0% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $66.4m against liabilities of $10.9m, net assets of $55.5m. It reported 113 employees.