Beverly Historical Society Inc

Analysis

Beverly Historical Society Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in January 1943, 83 years ago. 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 September 2023, Beverly Historical Society Inc reported income of $717k and spending of $473k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $444k to $717k (+62%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 116%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beverly Historical Society Inc 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 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Meadows Real Estate Management and Development Corporation ($717k), Habitat for Humanity International Inc ($717k) and Bong P-38 Fund Incorporated ($717k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $90k (19% of expenses). Other salaries and wages came to $170k. At year end it held assets of $4.1m against liabilities of $230k, net assets of $3.8m. It reported 17 employees.