Sippican Historical Society

Analysis

Sippican Historical Society is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in May 1964, 62 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 December 2022, Sippican Historical Society reported income of $280k and spending of $189k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $425k to $280k (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sippican Historical 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 60th percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Needmore Volunteer Fire Company ($280k), Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($280k) and Gethsemane Ministries Inc ($280k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 0.1% of the total. Other salaries and wages came to $67k. At year end it held assets of $3.6m against liabilities of $9,368, net assets of $3.6m. It reported 3 employees.