Topsfield Historical Society

Analysis

Topsfield Historical Society is a registered charity in United States, based in Topsfield, MA. It received its IRS tax-exemption ruling in October 1971, 55 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 December 2023, Topsfield Historical Society reported income of $135k and spending of $59k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $135k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Topsfield 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 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Foundation 154 Inc ($135k), Arts Roc Inc ($135k) and Los Angeles Police Emerald Society Pipes and Drums Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $5,381 (9.1% of expenses). Other salaries and wages came to $1,442. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 1 employees.