Leominster Historical Society Inc

Analysis

Leominster Historical Society Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in September 1971, 55 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 April 2024, Leominster Historical Society Inc reported income of $58k and spending of $32k, leaving 46% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income grew from $18k to $58k (+216%), an average of +26% a year. The sharpest change came in the year to April 2024, when income rose by 3690%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leominster Historical Society Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Fergus Falls Concert Association ($58k), United Way of Eastern Kentucky Inc ($58k) and PTA Wisconsin Congress ($58k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.