North Andover Historical Society

Analysis

North Andover Historical Society is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in March 1992, 34 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, North Andover Historical Society reported income of $458k and spending of $595k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $750k to $458k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Andover Historical Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Bethany Beyond the Jordan Baptism Site Foundation ($458k), Kelly Fitzpatrick Memorial Gallery Inc ($458k) and Center Stage Theatrical Productions ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $56k (9.5% of expenses). Other salaries and wages came to $46k. It paid $19k in professional fundraising fees. At year end it held assets of $4.8m against liabilities of $26k, net assets of $4.8m. It reported 3 employees.