Andover Historical Society

Analysis

Andover Historical Society is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in October 2020, 6 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 June 2023, Andover Historical Society reported income of $373k and spending of $432k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $253k to $373k (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Andover Historical Society sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Honor Flight Dayton Incorporated ($373k), New Oxford Review Inc ($373k) and Grays Harbor Community Hospital Foundation ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.9m against liabilities of $180k, net assets of $1.7m. It reported 10 employees.