Worcester Natural History Society

Analysis

Worcester Natural History Society is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 1933, 93 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, Worcester Natural History Society reported income of $5.2m and spending of $5.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Natural History Society sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Colorado Public Television Inc ($5.2m), Sifma Foundation for Investor Education Fie Inc ($5.2m) and Lobero Theatre Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $225k (3.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $22.1m against liabilities of $1.5m, net assets of $20.5m. It reported 102 employees.