Montclair Historical Society

Analysis

Montclair Historical Society is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in May 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montclair Historical Society reported income of $2.0m and spending of $567k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $218k to $2.0m (+818%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 235%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montclair Historical Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Mark Arts Inc ($2.0m), American Friends of the Musee Orsay ($2.0m) and Seattle Youth Symphony Orchestra ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $30k (5.3% of expenses). Other salaries and wages came to $102k. At year end it held assets of $4.1m against liabilities of $66k, net assets of $4.1m. It reported 16 employees.