Old Sturbridge Inc

Analysis

Old Sturbridge Inc is a registered charity in United States, based in Sturbridge, MA. It received its IRS tax-exemption ruling in October 1992, 34 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 January 2024, Old Sturbridge Inc reported income of $15.1m and spending of $15.6m, spending 103% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $11.1m to $15.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to January 2022, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Sturbridge Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Project Liberty Institute ($15.0m), New York Foundation for the Arts Inc ($15.1m) and Commonwealth Fund for Ket Inc ($15.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 43% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $451k (2.9% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $28.5m against liabilities of $11.8m, net assets of $16.7m. It reported 295 employees.