Essex Historical Society

Analysis

Essex Historical Society is a registered charity in United States, based in Essex, CT. It received its IRS tax-exemption ruling in June 1957, 69 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 2023, Essex Historical Society reported income of $132k and spending of $154k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $132k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Historical Society sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Hyland Hills Foundation ($132k), Literacy Volunteers of America Monroe County Inc ($132k) and Morehouse Humane Society Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $58k (38% of expenses). Other salaries and wages came to $19k. At year end it held assets of $666k against liabilities of $9,958, net assets of $656k.