Fall River Historical Society

Analysis

Fall River Historical Society is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in September 2019, 7 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 April 2024, Fall River Historical Society reported income of $2.3m and spending of $587k, leaving 75% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income grew from $323k to $2.3m (+626%), an average of +49% a year. The sharpest change came in the year to April 2020, when income rose by 249%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fall River Historical Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include The Magik Theatre ($2.3m), Palos Verdes Art Center Beverly G Alpay Center for Arts Education ($2.3m) and Huntsville Museum of Art ($2.3m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $117k (20% of expenses). Other salaries and wages came to $103k. At year end it held assets of $5.6m against liabilities of $291k, net assets of $5.3m. It reported 6 employees.