Historic Deerfield Inc

Analysis

Historic Deerfield Inc is a registered charity in United States, based in Deerfield, MA. It received its IRS tax-exemption ruling in December 1953, 73 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 June 2023, Historic Deerfield Inc reported income of $8.9m and spending of $9.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $8.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Deerfield Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include The Lodges at Banning Mills Retreat and Conservation Center Inc ($8.8m), South Coast Repertory Inc ($8.9m) and Rialto Theatre Foundation ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $439k (4.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $72.3m against liabilities of $2.3m, net assets of $70.0m. It reported 232 employees.