Framingham Historical and Natural History Society

Analysis

Framingham Historical and Natural History Society is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in July 1949, 77 years ago. 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, Framingham Historical and Natural History Society reported income of $298k and spending of $300k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $298k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Framingham Historical and Natural History Society sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Friends of the Bancroft Library ($298k), Taiwanese Association of America ($298k) and Unity Volunteer Ambulance Corp ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $74k (25% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m. It reported 5 employees.