Titanic Historical Society Incorporated

Analysis

Titanic Historical Society Incorporated is a registered charity in United States, based in Indian Orch, MA. It received its IRS tax-exemption ruling in April 1976, 50 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 April 2024, Titanic Historical Society Incorporated reported income of $118k and spending of $105k, spending 90% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $181k to $118k (-35%), an average of -10% a year. The sharpest change came in the year to April 2021, when income dropped by 44%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Titanic Historical Society Incorporated sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Salt Lake Symphony Orchestra ($118k), Barton County Historical Society ($118k) and South Carolina Congress of Parents and Teachers ($118k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $50k (47% of expenses). At year end it held assets of $395k against liabilities of $1,457, net assets of $393k. It reported 2 employees.