Danvers Historical Society Glen Magna

Analysis

Danvers Historical Society Glen Magna is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in May 1927, 99 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Danvers Historical Society Glen Magna reported income of $763k and spending of $653k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $434k to $763k (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danvers Historical Society Glen Magna sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Friends of the Felt Estate ($763k), Paint Creek Center for the Arts ($763k) and The Art Base ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 1.9% of the total. Other salaries and wages came to $267k. At year end it held assets of $1.3m against liabilities of $640k, net assets of $703k. It reported 14 employees.