Haverhill Historical Society

Analysis

Haverhill Historical Society is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in August 2014, 12 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 May 2024, Haverhill Historical Society reported income of $161k and spending of $197k, spending 123% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $232k to $161k (-31%), an average of -8.7% a year. The sharpest change came in the year to May 2024, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Haverhill Historical Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Future River Inc ($161k), Historic Preservation Trust of Lancaster County ($161k) and FTC Qalicb Inc ($161k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 51% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $36k (18% of expenses). Other salaries and wages came to $53k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 4 employees.