Dedham Historical Society

Analysis

Dedham Historical Society is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in June 1934, 92 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 December 2023, Dedham Historical Society reported income of $164k and spending of $237k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $164k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dedham Historical Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include PTA New Mexico Congress ($164k), Whiting Lane Extended Day Care Inc ($164k) and Alif International ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $81k (34% of expenses). At year end it held assets of $7.2m against liabilities of -$1,895, net assets of $7.2m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.