Newton Historical Society Inc

Analysis

Newton Historical Society Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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, Newton Historical Society Inc reported income of $420k and spending of $455k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $296k to $420k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Historical Society Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include People of Hope a New Jersey Non Profit Corporation ($420k), Volunteers of America Inc ($420k) and French Creek Valley Christian School Inc ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 17% of the total. Other salaries and wages came to $236k. It paid $34k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $38k, net assets of $3.0m. It reported 11 employees.