Society for the Preservation of New England Antiquities Inc

Analysis

Society for the Preservation of New England Antiquities Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in August 2016, 10 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 March 2023, Society for the Preservation of New England Antiquities Inc reported income of $22.2m and spending of $14.8m, leaving 33% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $7.5m to $22.2m (+197%), an average of +31% a year. The sharpest change came in the year to March 2021, when income rose by 111%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Preservation of New England Antiquities Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Woodrow Wilson International Center for Scholars ($22.1m), Missouri Historical Society Jefferson Memorial Building ($22.4m) and Ukraine House DC Foundation Inc ($22.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 53% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $920k (6.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $148.1m against liabilities of $3.6m, net assets of $144.5m. It reported 337 employees.