Fitchburg Historical Society

Analysis

Fitchburg Historical Society is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in January 1950, 76 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 June 2023, Fitchburg Historical Society reported income of $101k and spending of $227k, spending 225% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $287k to $101k (-65%), an average of -23% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fitchburg Historical Society sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include PTA Colorado Congress ($101k), PTA California Congress of Parents Teachers & Students Inc ($101k) and Lacrosse Jail Ministry Inc ($101k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $43k (19% of expenses). Other salaries and wages came to $18k. At year end it held assets of $3.2m against liabilities of $87k, net assets of $3.1m. It reported 4 employees.