Andover Village Improvement Society

Analysis

Andover Village Improvement Society is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in October 1952, 74 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Andover Village Improvement Society reported income of $309k and spending of $165k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $309k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 52% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Andover Village Improvement Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Greater Eastover Foundation Inc ($308k), Waterkeepers Chesapeake Inc ($309k) and Corkscrew Regional Ecosystem Watershed Trust Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $7.0m against liabilities of $7,500, net assets of $7.0m.