Sharon Historical Society

Analysis

Sharon Historical Society is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in May 1988, 38 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, Sharon Historical Society reported income of $175k and spending of $232k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $175k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharon Historical Society sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($175k), West Virginia Association of Housing Authorities ($175k) and Pearl and Ivy Educational Foundation Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 0.2% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.6m against liabilities of $5,640, net assets of $1.6m. It reported 4 employees.