Nichols House Museum Inc

Analysis

Nichols House Museum Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1998, 28 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 March 2023, Nichols House Museum Inc reported income of $514k and spending of $372k, leaving 28% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $894k to $514k (-42%), an average of -17% a year. The sharpest change came in the year to March 2021, when income dropped by 56%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nichols House Museum Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Coastal Stages Inc ($514k), International Enneagram Association ($514k) and Delaware Shakespeare Festival Inc ($514k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 58% and program service revenue 5.0% of the total. Other salaries and wages came to $188k. At year end it held assets of $3.5m against liabilities of $3,980, net assets of $3.5m. It reported 9 employees.