Groton Historical Society

Analysis

Groton Historical Society is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in April 1939, 87 years ago. 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 September 2023, Groton Historical Society reported income of $178k and spending of $60k, leaving 66% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $143k to $178k (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2023, when income rose by 186%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Groton Historical Society sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Northwest Apartments Inc of Weakley County TN ($178k), Triangle Club Inc ($178k) and Korean Emmanuel United Methodist Church ($178k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $733k against liabilities of $27k, net assets of $707k.