Sharon Historical Society Inc

Analysis

Sharon Historical Society Inc is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Sharon Historical Society Inc reported income of $84k and spending of $88k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $84k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharon Historical Society Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Psi Beta Inc ($84k), Bread of Life International Church of God Inc ($84k) and Rhea-Richland Senior Neighbors Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $508k against liabilities of $0, net assets of $508k.