Shaker Heritage Society

Analysis

Shaker Heritage Society is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1978, 48 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, Shaker Heritage Society reported income of $425k and spending of $381k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $425k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shaker Heritage Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include John Paulding Historical Society Inc ($425k), American Threshermen Association Inc ($425k) and Free 2 Fly ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.0m against liabilities of $92k, net assets of $919k. It reported 5 employees.