Wellfleet Historical Society Inc

Analysis

Wellfleet Historical Society Inc is a registered charity in United States, based in Wellfleet, MA. It received its IRS tax-exemption ruling in October 1974, 52 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 December 2023, Wellfleet Historical Society Inc reported income of $311k and spending of $106k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $311k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 407%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellfleet 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 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Wyoming Community Improvement Corporation ($311k), Iowa Behavioral Health Association ($311k) and Literacy Council of Frederick County Maryland ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.4m against liabilities of $70k, net assets of $2.3m. It reported 3 employees.