Freetown Historical Society Inc

Analysis

Freetown Historical Society Inc is a registered charity in United States, based in Assonet, MA. It received its IRS tax-exemption ruling in April 1971, 55 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 April 2023, Freetown Historical Society Inc reported income of $177k and spending of $118k, leaving 33% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income fell from $255k to $177k (-31%), an average of -11% a year. The sharpest change came in the year to April 2021, when income dropped by 38%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freetown Historical Society Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Reach Out Kansas Inc ($177k), Montana State Old-Time Fiddlers Association ($177k) and Songbird Multimedia and Performing Arts Foundation ($177k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $19k. At year end it held assets of $2.3m against liabilities of $1,337, net assets of $2.2m. It reported 1 employees.