Truro Historical Society

Analysis

Truro Historical Society is a registered charity in United States, based in Truro, MA. It received its IRS tax-exemption ruling in April 1969, 57 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, Truro Historical Society reported income of $146k and spending of $134k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $539k to $146k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Truro Historical Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Northern California Percussion Alliance Inc ($146k), Mid-West Educational Center Inc ($146k) and Bennett Conservatory of Music ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 15% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.4m against liabilities of $4,574, net assets of $1.4m. It reported 2 employees.