Lexington Historical Society

Analysis

Lexington Historical Society is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 1941, 85 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 December 2023, Lexington Historical Society reported income of $997k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $997k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Historical Society sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Yale Law Journal Company Inc ($996k), Smarthistory Inc ($997k) and Orcas Center ($996k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $424k (40% of expenses). At year end it held assets of $6.2m against liabilities of $34k, net assets of $6.1m. It reported 46 employees.