Madison Historical Society Inc

Analysis

Madison Historical Society Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in December 1962, 64 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, Madison Historical Society Inc reported income of $172k and spending of $211k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $172k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Historical Society Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include National Soaring Museum Inc ($172k), Engine 557 Restoration Company ($172k) and Tri-M Millenial Music Makers Productions ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $88k. At year end it held assets of $550k against liabilities of $11k, net assets of $539k. It reported 4 employees.