Peabody Historical Society

Analysis

Peabody Historical Society is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in October 1974, 52 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 2024, Peabody Historical Society reported income of $652k and spending of $537k, spending 82% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $608k to $652k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to April 2023, when income rose by 20%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peabody Historical Society sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Chicago Avenue Fire Arts Center ($652k), Creative Dance Center ($652k) and Arts Connect Houston ($652k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 2.0% of the total. Other salaries and wages came to $195k. At year end it held assets of $4.1m against liabilities of $316k, net assets of $3.8m. It reported 7 employees.