Historical Society of Old Newbury

Analysis

Historical Society of Old Newbury is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in May 1942, 84 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 2024, Historical Society of Old Newbury reported income of $404k and spending of $437k, spending 108% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $232k to $404k (+74%), an average of +15% a year. The sharpest change came in the year to March 2022, when income rose by 91%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Old Newbury sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Bundled Arrows Inc ($404k), 45th Parallel ($404k) and Ballet Northwest ($404k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $92k (21% of expenses). Other salaries and wages came to $52k. At year end it held assets of $3.5m against liabilities of $10k, net assets of $3.5m. It reported 5 employees.