Nahant Historical Society

Analysis

Nahant Historical Society is a registered charity in United States, based in Nahant, MA. It received its IRS tax-exemption ruling in January 1975, 51 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, Nahant Historical Society reported income of $253k and spending of $114k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $253k (+240%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nahant Historical Society 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 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include PTA Colorado Congress ($253k), Our Lady of Consolation Education Foundation ($253k) and Tanglewood Christian Camp ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $34k (30% of expenses). At year end it held assets of $707k against liabilities of $893, net assets of $706k. It reported 1 employees.