Wellesley Historical Society Inc

Analysis

Wellesley Historical Society Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in August 1966, 60 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, Wellesley Historical Society Inc reported income of $210k and spending of $157k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $478k to $210k (-56%), an average of -19% a year. The sharpest change came in the year to June 2021, when income rose by 591%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wellesley Historical Society Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Wheel and Cog Childrens Museum of Hutchinson ($210k), Three Oaks Spokes Bicycle Club ($210k) and Society for Indo-American Arts ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $59k (38% of expenses). At year end it held assets of $1.5m against liabilities of $6,574, net assets of $1.5m. It reported 1 employees.